Be prepared to meet the loan officer for the 1st time.   Bring all the documentation requested so all questions are answered and necessary paperwork copied.  This will help the loan officer be more efficient with the paperwork and be able to submit complete files for underwriting. 

Picking the right loan is imperative, there are many programs out in the market but certain key options must be decided.  A good loan officer can answer the following questions or other concerns you have.

1 - Choose a program: ARM, 15yr against 30yr fixed rates, VA or FHA loans, etc

2 - When to lock an interest rate?  Interest rates fluctuate and it is through a knowledgeable loan officer that can give you great guidance when to lock in a good rate.

3 - Whether or not to pay additional points to lower the interest rate? This is a decision that will probably depend on your circumstances or more importantly on your budget. A point is equal to 1 percent of the mortgage loan which is due at closing.  It may be cost efficient in your scenario.

4. - Paperwork requested by the loan officer.  To make sure the loan officer is aware of all the facts of your financial standing, make sure to bring all the documents he requires when you first meet. This will help answer most of their questions and properly fill out the mortgage loan application.  A clear perspective of your budgets and credit info, employment will greatly help your loan officer provide an accurate loan pre-approval.

Please feel free to contact me for any questions I may be able to help relating to real estate.

Direct (702) 308 - 1509 or Email roy@nvroy.com