Getting your mortgage is just one part of a home purchase. COLDWELL BANKER REAL ESTATE SERVICES is seasoned at aiding new and experienced in all areas of real estate. Call us today at 412-363-4000 x527 if your needs include a real estate pro ready for the business side of buying and selling.


Thinking of financing a new home in Pittsburgh?

Feeling lots of anxiety over getting financing for a home purchase? You don't have to be. Being connected with various lending companies in Pittsburgh has helped me realize some things that can make the loan application process pretty simple.

1 – Make a list of questions regarding your loan program

Be sure to bring a list of questions with you if you don't fully grasp the advantages and disadvantages of the different programs. It's hard to know the characteristics of both fixed and adjustable rate mortgages. I or one of my trusted lenders will be able to assist you in understanding the advantages and disadvantages of each one.

2 – Decide when to lock

By locking in a rate, the lender is holding 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 the day of your loan application and issuance of closing documents. Those who opt to float presume the interest rates will dip 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 lower your interest rate

Usually you can choose to pay additional points to lower the rate of your loan. Every point is 1 percent of the mortgage loan and is payable in cash at the time of closing. To decide if buying points is right for you, click here to use our points calculator.

4 – Bring your paperwork

Acquiring a mortgage loan requires lots of paperwork, so you should take some time to get all your documentation together. Click here to preview common questions you'll have to answer on a loan app.

COLDWELL BANKER REAL ESTATE SERVICES 5996 Penn Cir S Ste 301 Pittsburgh, PA 15206-3833
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