
	Securing financing is just one aspect of getting into a new home. Clark Realty Corporation is experienced at helping both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of buying and selling.

Are you financing a home in Kailua Kona? Clark Realty Corporation can help.

Applying for a loan is one of the more demanding parts of purchasing a home. But it doesn't have to be. I have excellent relationships with various lenders in Kailua Kona, and they've helped me learn a few things that can make the loan application process pretty simple.

1 – Compile a list of questions about your loan program

If you find that you don't fully realize the advantages and disadvantages of all the various loan programs, make sure to have a list of questions. At times, it can be a challenge to know the distinctions between both fixed and adjustable rate mortgages. I or one of my trusted lenders will be able to help you understand the advantages and disadvantages of each.

2 – Determine when you want to lock

Locking in an interest rate denotes that your mortgage lender guarantees the interest rates for the loan – most often 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 opt to float presume that 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 interest rate

If you opt to pay additional points to lower the rate of your loan, you will do so by paying for them in cash at closing. Every point is 1 percent of the loan. Click here to use our points calculator. It will assist you in determining if purchasing points is right for you.

4 – Bring your paperwork

Getting a loan requires a lot of paperwork, so you should spend some time getting your documentation together. Click here to see common questions you'll have to answer on a loan app.

Clark Realty Corporation 78-6831 Alii Dr. 109 Kailua Kona, HI 96740-2440

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