
	Getting your loan locked down is just one part of a real estate transaction. The Trendex Group, Inc. is seasoned at helping both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro experienced at the business side of buying and selling.

Are you thinking about financing a new home in Nashville? The Trendex Group, Inc. can help.

Applying for mortgage financing can be one of the more distressing aspects of purchasing a house. But it doesn't have to be. Being close with various mortgage lenders in Nashville has helped me realize some things that make the loan application process much easier.

1 – Assemble a list of questions regarding your loan program

If you find that you don't completely understand the ins and outs of all the various programs, be sure you have a list of questions. It's a challenge understanding the distinctions between fixed and adjustable rate mortgages. I or one of my lenders will help you understand the advantages and disadvantages of both.

2 – Determine when to lock

By locking in an interest rate, the mortgage lender is guaranteeing the mortgage interest rates for the loan – commonly at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between application and the issuing of closing documents. Buyers who choose to float conclude that 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 lower your rate

When you choose to pay additional points to lower the rate of your mortgage loan, you'll pay 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. This tool will help you decide if buying points is right for you.

4 – Compile your paperwork

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

Today's Rates:

Mtg Loan

Rate

APR

30-yr Fixed	3.87%	4%
15-yr Fixed	3.14%	3.31%
1-yr Adj	2.76%	3.42%

* national averages

Mortgage Calculator:

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

Monthly payment:		$

The Trendex Group, Inc.
Tennessee License # 229474

102 Woodmont Boulevard Suite 200 Nashville, TN 37205
Phone: (615) 383-5544 Fax: (615) 298-9952
E-mail: AnneShockley@TrendexGroup.com Commercial Broker
E-mail: LeighAnnRichards@TrendexGroup.com Residential Broker