Securing financing is just one aspect of a real estate transaction. Duncan & Associates is seasoned at assisting both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a professional REALTOR® experienced at the business side of real estate.


Do you wish to finance your home? Duncan & Associates can help.

For a lot of people, applying for a loan can be one of the more stressful parts of purchasing a home. But it doesn't have to be. I have excellent relationships with various mortgage lenders in Morganfield, and they've helped me realize a few things that will make the loan application process much easier.

1 – Create a list of questions about your loan program

If you don't entirely understand the pros and cons of all the various loan programs, be sure to have a list of questions. I or one of my lender contacts can help you understand the advantages and disadvantages of both programs, because it is a challenge to know the characteristics of fixed and adjustable rate mortgages.

2 – Decide when you want to lock

By locking in an interest rate, your lender is keeping to the interest rates for the loan – commonly at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the day you apply for your loan and at the time of closing. Buyers who choose to float conclude the interest rates will drop in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Determine if you want to pay additional points to reduce your interest rate

Typically you can choose to pay additional points to lower the interest rate of your mortgage loan. Each point is 1 percent of the loan and is payable in cash at closing. Click here to use our points calculator. This tool will help you decide if purchasing points is right for you.

4 – Compile your paperwork

Getting a loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to preview typical information that goes on a loan application.