Securing financing is just one aspect of getting into a new home. Exit Real Estate Consultants is experienced at assisting both new and experienced buyers alike in all areas of real estate. Call us today at (803)358-0888 if your needs include a real estate pro experienced at the business side of real estate.


Thinking about financing a new home in Lexington?

When purchasing a home, applying for the mortgage loan is exasperating for most people, but it doesn't have to be. I have close relationships with various lending companies in Lexington, and they've helped me recognize some things that will make the process of applying for a loan effortless.

1 – Create a list of questions about your loan program

If you do not totally comprehend the ins and outs of the various loan programs, make sure to have a list of questions with you. It is often a challenge understanding the differences between fixed and adjustable rate mortgages. I or one of my trusted lenders will assist you in understanding the advantages and disadvantages of each one.

2 – Determine when to lock

When you lock in a rate, it means that your mortgage lender guarantees the mortgage interest rates for the loan – typically at the time the loan application is received. By floating the rate, you can lock the rate at any time between the day of your loan application and the issuing of closing documents. Buyers who prefer to float presume interest rates will dip 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 interest rate

When you decide to pay additional points to lower the interest rate of your loan, you'll do so by paying for them in cash at the time of closing. Every point is 1 percent of the mortgage loan. To determine if you should buy points, click here to use our points calculator.

4 – Gather your paperwork

Getting a mortgage loan requires a lot of paperwork, so you should spend some time getting all your documents together. Click here to see common information that goes on a loan application.





Today's Rates:

Mtg Loan    Rate  APR
30-yr Fixed3.87%4%
15-yr Fixed3.16%3.33%
1-yr Adj2.78%3.45%
* national averages
Mortgage Calculator:
Sales Price: $
Down: %
Interest Rate: %
Term: yrs
Monthly payment: $



Your Lexington SC Lake Murray Realtor - Lauren Porter Wilbert
Lauren Porter Wilbert is the local expert for buyers and sellers when it comes to real estate needs in Lexington, Lake Murray, Gilbert, West Columbia, Irmo, & Columbia, SC.  You will have free access to the most comprehensive MLS & lots of tools for buyers and sellers.  Lauren understands what a big decision buying or selling a home is so she will make sure that you are her top priority & hopes you will give her the opportunity to prove it! (803) 360-3084 


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