Getting your loan locked down is just one part of a home purchase. Mike Leeker is experienced at helping both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a professional REALTOR® ready for the business side of real estate.


Mike Leeker can help you find the right lender in the St. Louis area.

Stressed out about getting financing for a home purchase? You don't have to be. Mike works with the most experienced and professional lenders in St. Louis and can help you get in touch with a lender that can help you.

Here are a few TIPS to get you started.

 

1 – Assemble a list of questions regarding your loan program

Be sure to have a list of questions with you if you find that you do not perfectly comprehend the advantages and disadvantages of the various loan programs. I or one of my trusted lenders will help you understand the advantages and disadvantages of each program, because it's a challenge to know the differences between fixed and adjustable rate mortgages.

2 – Determine when to lock

When you lock in the rate, it designates that the lender guarantees the mortgage interest rates for the loan – ordinarily at the time the loan application is presented. By floating the rate, you can lock the rate at any time between the day you apply for your loan and the issuing of closing documents. Those who elect to float think interest rates will drop 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

Normally you can opt 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. To determine if you should purchase points, click here to use our points calculator.

4 – Gather your paperwork

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

Mortgage Calculator:
Sales Price: $
Down: %
Interest Rate: %
Term: yrs
Monthly payment: $





Today's Rates:

Mtg Loan    Rate  APR
30-yr Fixed3.87%4%
15-yr Fixed3.16%3.33%
1-yr Adj2.84%3.52%
* national averages


Connect With Me:

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.
 
Your Information
*Name:
*Email:
Phone:

Your Question
Question:

Note: Fields with an * are required

* MOL = More or Less
16647 Chesterfeild Grove St 110 Chesterfield, MO 63005
Phone: Toll Free Phone: Cell:

Why Choose Me! | Contact Us | Curb Appeal List | Free Home Valuation | Search ALL St. Louis Homes | First Time Buyers | For Buyers | Featured Homes | Selling Your Home | Home | Applying for a Loan | 9 Steps to Owning | Blog

Copyright © 2012 RE/MAX Suburban
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.