Getting your mortgage is just one aspect of a real estate transaction. Faith Parker Properties is seasoned at assisting both new and experienced buyers alike in all areas of real estate. Contact me if your needs include a real estate pro ready for the business side of real estate.



Faith Parker Properties can help you apply for your loan.

Stressed out about getting financing for a home purchase? You don't have to be. Being connected with a lot of lending companies in the Hickory area has helped me understand a few things that can make the process of applying for a loan very easy.

1 – Assemble a list of questions about your loan program

If you do not fully realize the pros and cons of all the various loan programs, make sure to have a list of questions. One of my lenders or I will be able to assist you with understanding the advantages and disadvantages of each program, because it can be hard to know the distinctions between fixed and adjustable rate mortgages.

2 – Determine when to lock

When you lock in the rate, the lender is guaranteed to keep to the interest rates for the loan – ordinarily at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between the loan application day and at the time of closing. Buyers who decide to float conclude the interest rates will fall 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

If you elect to pay additional points to lower the interest rate of your mortgage loan, you'll pay for them in cash at the time of closing. Each point is 1 percent of the loan. Click here to use my points calculator. This tool will help you decide if purchasing points is the best option for you.

4 – Compile your paperwork

Acquiring a mortgage loan requires lots of paperwork, so you should take some time to get all your documentation together. Click here to preview general questions you'll have to answer on a loan app.