Securing financing is just one aspect of a home purchase. RE/MAX of Palm City - Palm City is experienced at aiding new and experienced in all areas of real estate. Call me today at 772-463-2001 if your needs include a real estate pro experienced at the business side of buying and selling.

Are you thinking about financing your home? RE/MAX of Palm City - Palm City can help.

Feeling lots of anxiety over getting financing for a home purchase? You don't have to be. I have excellent relationships with several mortgage lenders in Palm City, and they've helped me recognize a few things that will make the process of applying for a loan easy.

1 – Organize a list of questions regarding your loan program

Make sure to have a list of questions if you find that you do not fully understand the pros and cons of the different programs. Oftentimes, it can be a challenge to know the characteristics of fixed and adjustable rate mortgages. One of my lender contacts or I will assist you with understanding the advantages and disadvantages of each one.

2 – Determine when you want to lock

By locking in the interest rate, your lender is committing to the mortgage interest rates for the loan – normally at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between the day you apply for the loan and the issuing of closing documents. Buyers who choose to float presume the interest rates will drop 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 reduce your rate

When you decide to pay additional points to lower the rate of your loan, you will pay for them in cash at closing. Every point is 1 percent of the loan. Click here to use my points calculator. This tool will help you decide if purchasing points is right for you.

4 – Gather your paperwork

Obtaining a loan requires a lot of paperwork, so you should take some time to get all your documents together. Click here to get a feel for general questions you'll have to answer on a loan app.

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