Loan Application Checklist in West Columbia, Lexington, Columbia, and Irmo South Carolina

Loan Application Checklist in West Columbia, Lexington, Columbia, and Irmo South Carolina

For many buyers, applying for the mortgage loan is one of the more stressful aspects of buying a home. The loan application need not be a stressful time. By following a few easy steps, you'll sail through the loan application process.

West Columbia SC Real Estate - Homes for Sale in West Columbia South Carolina. We also provide you with Advanced Market Segments such as West Columbia Startup Homes, West Columbia Median Homes, West Columbia Upscale Homes, West Columbia Luxury Homes, and West Columbia Homesites and Land for Sale in West Columbia SC. Surrounding Towns included are West Columbia, Irmo, Columbia, Lexington, Lexington County, Cayce, Gaston, Swansea as well as niche communities: Agape Village, Charwood, Churchill Heights, Edenwood, Forest Acres, Moss Creek, Quail Hollow, Saluda Gardens, Saluda River Club, Saluda Terrace, Shadblow, The Avenues, and Westover Acres. Exit Agapé Real Estate Services is your West Columbia SC and South Carolina Senior Real Estate Specialists. (803) 454-3504

Make a list of any questions you have about the loan program.
Be sure you understand the advantages and disadvantages of the various mortgage programs for which you may qualify, including the advantages and disadvantages of Fixed Rate Mortgages versus Adjustable Rate Mortgages.
Decide if you want to lock-in or float the loan's interest rate.
Locking-in the rate means that the lender commits to the mortgage interest rate for the loan - typically at the time the loan application is submitted. By floating the rate, you can lock-in the interest rate anytime between the loan application day and closing. Buyers opt to "float the loan" when they believe interest rates will drop after their loan application date and prior to closing. The risk is that rather than dropping, interest rates may rise, increasing the mortgage payment.
Decide if you want to pay additional points to lower your interest rate.
Typically you can elect to pay additional points (each point is 1 percent of the mortgage loan payable in cash at closing) to lower the interest rate of your mortgage loan.
Gather your paperwork.
Click here to view a list of typical loan documentation.

West Columbia SC Startup Homes [under $125K]	West Columbia SC Median Homes [$125K- $225K]	West Columbia SC Upscale Homes [$225K - $450K]
West Columbia SC Luxury Homes [over $450K]	West Columbia SC Homesites and Land for Sale	Agape Village West Columbia SC Homes for Sale

Columbia Startup Homes [under $125K]	Columbia Median Homes [$125K - $250K]	Columbia Upscale Homes [$250K - $550K]
Columbia Luxury Homes [$550K - $1M]	Columbia Million $ Homes [over $1M]	Columbia Homesites and Land for Sale

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Today's Rates:

Mtg Loan

Rate

APR

30-yr Fixed	4.97%	5.13%
15-yr Fixed	4.33%	4.56%
1-yr Adj	4.27%	5.3%

* national averages

Mortgage Calculator:

Sales Price:		$
Down:		%
Interest Rate:		%
Term:		yrs

Monthly payment:		$

West Columbia SC Real Estate, Columbia SC – Joe Nester Realtor. EXIT Agape Real Estate Services is ready to serve your real estate needs in Lexington, West Columbia, Irmo, Forest Acres, and Columbia South Carolina. Our experienced agents have all the right tools to properly market your listing or to search for your perfect new home. We strive to exceed your expectations on every transaction. (803) 730-7269 - sister website: West Columbia SC Homes for Sale.