Lexington SC Loan Application Checklist.

Lexington SC Real Estate Loan Application Checklist

For many buyers, applying for a Lexington SC 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 for your Lexington SC Home.

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.

Lexington SC Real Estate

Lexington SC Entry Level Homes [less than $125K]

Lexington SC Median Homes [$125K ~ $300K]

Lexington SC Upscale Homes [$300k ~ $600K]

Lexington SC Luxury Homes [over $600K]

Lexington SC Lots and Land for Sale

Columbia Real Estate
for Sale

Lexington SC Real Estate - Homes for Sale in Lexington SC. You will also find the following home searches, Lexington SC Entry Level Homes, Lexington SC Median Homes, Lexington SC Upscale Homes, Lexington SC Luxury Homes, and Lexington SC Lots and Land for Sale in Lexington SC. Other popular towns and areas for search: Lexington, Lake Murray, Irmo, West Columbia, Chapin, Gaston, Gilbert, and Columbia SC. Exit of Lexington SC. Call us for more details (803) 665-9516.

Today's Rates:

Mtg Loan

Rate

APR

30-yr Fixed	4.95%	5.11%
15-yr Fixed	4.32%	4.55%
1-yr Adj	4.22%	5.24%

* national averages

Mortgage Calculator:

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

Monthly payment:		$

Lexington and Columbia Real Estate Services
Our Local Realtors offer the best Internet Marketing Visibility for your Listed Properties - Exit Real Estate Consultants is your local expert in all your Real Estate needs in Lexington, Irmo, Lake Murray, and Columbia South Carolina. You have access to the most comprehensive MLS Listing Service with free access and lots of tools for Buyers and Sellers - put us to work for you; our service will impress you! (803) 358-0888.