
	Getting your mortgage is just one part of the home purchasing process. Angela will guide you through the complexities of purchasing a home and can connect you with some of the best loan consultants in the area. Contact Angela TODAY for ALL of your home buying needs and to speak with one of her preferred mortgage professionals.

Are you looking to finance your new home in Maryland?

Feeling lots of anxiety over applying for a mortgage? You don't have to be. Having close working relationships with some of the lending companies in our area has helped me to recognize a lot of the details that make the process of applying for a loan very manageable.

1 – Compile a list of questions regarding your loan program

If you do not fully understand the advantages and disadvantages of all the different programs, be sure to have a list of questions. It is challenging to understand the characteristics of fixed and adjustable rate mortgages. I or one of my lender contacts can assist you with understanding the advantages and disadvantages of both programs.

2 – Determine when to lock

When you lock in the interest rate, it means that your mortgage lender keeps to the mortgage interest rates for the loan – commonly at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day you apply for the loan and issuance of closing documents. Buyers who decide to float conclude that the interest rates will drop in the near future.

3 – Decide if you want to pay additional points to decrease your rate

If you decide to pay additional points to lower the rate of your mortgage loan, you'll do so by paying for them in cash at the time of closing. Each point is 1 percent of the loan. Click here to use our points calculator. It will assist you with determining if purchasing points is the best option for you.

4 – Bring your paperwork

Acquiring a loan requires lots of paperwork, so you should spend some time getting your documents together. Click here to see common questions you'll have to answer on a loan application.