Getting your loan locked down is just one part of a home purchase. J. Briann Realty Group, Inc. is seasoned at helping both new and experienced buyers alike in all areas of real estate. Call me today at 561-688-1316 if your needs include a professional REALTOR® ready for the business side of real estate.
Applying for a new home loan in West Palm Beach
When purchasing a home, the loan application is very troublesome for many people, but it doesn't have to be.
I've got great connections to a lot of mortgage lenders in the West Palm Beach area, and they've helped me realize some things that can make the process of applying for a loan very easy.
1 – Compose a list of questions regarding your loan program
If you find that you do not completely comprehend the ins and outs of all the various programs, make sure to bring a list of questions with you.
It can be hard to know the differences between fixed and adjustable rate mortgages. One of my trusted lenders or I will be able to assist you with understanding the advantages and disadvantages of each program.
2 – Decide when to lock
By locking in an interest rate, a lender is holding to the mortgage interest rates for the loan – commonly at the time the loan application is presented.
By floating the rate, you can lock the rate anytime between the loan application day and at the time of closing. Those who opt to float think interest rates will decline in the near future. Click here to see the outlook for the next 90 days of interest rates.
3 – Compile your paperwork
Getting 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 information that goes on a loan application.