Getting your mortgage is just one part of a home purchase. OSA Realty is experienced at aiding new and experienced in all areas of real estate. Call us today at (678) 622-3678 if your needs include a professional REALTOR® ready for the business side of real estate.


Applying for your new home loan in Powder Springs with the help of OSA Realty

Feeling lots of anxiety over applying for a mortgage? You don't have to be. Having connections to some mortgage lenders in the Powder Springs area has helped me recognize a lot of the things that make the process of applying for a loan a breeze.

1 – Compile a list of questions about your loan program

Make sure you bring a list of questions if you find that you do not thoroughly comprehend the pros and cons of all the various programs. I or one of my lenders can help you understand the advantages and disadvantages of each one, because it can be hard to know the characteristics of fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in an interest rate, the mortgage lender is guaranteed to keep to the interest rates for the loan – most often at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the day of your loan application and issuance of closing documents. Those who choose to float believe that 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 lower your rate

Generally you can opt to pay additional points to lower the interest rate of your mortgage loan. Every point is 1 percent of the loan and is payable in cash at the time of closing. Click here to use our points calculator. It will assist you with determining if purchasing points is the best option for you.

4 – Compile your paperwork

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

OSA Realty 5200 Dallas Hwy Powder Springs, GA 30127-6238
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