Getting your loan locked down is just one aspect of getting into a new home. RE/MAX Diamond Realty is seasoned at assisting new and experienced in all areas of real estate. Call us today at (671) 479-8829 if your needs include a professional REALTOR® ready for the business side of buying and selling.

Applying for your home loan in Hagatna with the help of RE/MAX Diamond Realty

When buying a home, the mortgage loan application is exasperating for many people, but it doesn't have to be. Being familiar with a lot of lenders in Hagatna has helped us understand a few things that can make the loan application process very manageable.

1 – Organize a list of questions regarding your loan program

Make sure you have a list of questions with you if you find that you do not totally grasp the pros and cons of the different loan programs. One of our lenders or staff will be able to help you understand the advantages and disadvantages of each program, because it is hard to know the characteristics of fixed and adjustable rate mortgages.

2 – Decide when you want to lock

By locking in the interest rate, your lender is committing to the mortgage interest rates for the loan – most often at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day of your loan application and the issuing of closing documents. Those who elect to float think the interest rates will decline in the near future. Click here to see the outlook for the next 90 days of interest rates.

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

Typically you can elect to pay additional points to lower the rate of your mortgage loan. Each point is 1 percent of the mortgage loan and is payable in cash at the time of closing. Click here to use our points calculator. This tool will assist you in determining if purchasing points is right for you.

4 – Bring your paperwork

Getting a loan requires lots of paperwork, so you should spend some time getting all your documentation together. Click here to preview normal information that goes on a loan application.

Looking to Buy?

Are you looking to buy a house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

Your Information
Some Details