
	Getting your mortgage is the first step in getting the home of your dreams. We work with several lenders to asisst you in the mortgage process. Call us at 978- 664 -4709/ or email us at sales@northreading.com, we'll be happy to provide a list of mortgage originators! if your needs include a real estate pro experienced at the business side of real estate. With numerous local banking contacts we can offer several loan experts who can guide you through the pre-approval process. Don't hesitate to call.

Let Fitzgerald & Associates Real Estate help you apply for your loan.

Stressed out about applying for a mortgage? You don't have to be. Being connected to various lenders in North Reading has helped me understand a lot of the things that make the loan application process a breeze.

1 – Put together a list of questions regarding your loan program

If you find that you do not completely comprehend the ins and outs of all the various programs, be sure you bring a list of questions. I or one of my lenders will assist you with understanding the advantages and disadvantages of each program, because it can be a challenge to understand the differences between fixed and adjustable rate mortgages.

2 – Determine when to lock

When you lock in the rate, a lender is sure to keep to the interest rates for the loan – generally at the time the loan application is presented. By floating the rate, you can lock the rate anytime between application and the issuing of closing documents. Buyers who elect to float think interest rates will decline in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Determine if you want to pay additional points to reduce your rate

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

4 – Gather your paperwork

Acquiring a loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to get a feel for typical information that goes on a loan application.

* MOL = More or Less