Getting your loan locked down is just one part of a home purchase. Golden Key Realty Group is experienced at helping both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a professional REALTOR® experienced at the business side of real estate.
Golden Key Realty Group can help you with financing your new home in Lehigh Acres.
Stressed out about applying for a mortgage? You don't have to be.
Having connections with various mortgage lenders in the Lehigh Acres area has helped me realize a lot of the things that will make the process of applying for a loan pretty simple.
1 – Create a list of questions regarding your loan program
Be sure you bring a list of questions with you if you find that you do not thoroughly comprehend the advantages and disadvantages of all the different loan programs.
I or one of my lender contacts will be able to assist you in understanding the advantages and disadvantages of both programs, because it is a challenge to know the differences between fixed and adjustable rate mortgages.
2 – Determine when you want to lock
When you lock in the interest rate, your mortgage lender is sure to commit to the mortgage interest rates for the loan – generally at the time the loan application is submitted.
By floating the rate, you can lock the rate anytime between the loan application day and issuance of closing documents. Buyers who prefer to float conclude that interest rates will fall 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 rate
If you opt to pay additional points to lower the rate of your mortgage loan, you will do so by paying for them in cash at the time of closing. Each point is 1 percent of the loan.
To determine if buying points is right for you, click here to use our points calculator.
4 – Bring your paperwork
Getting a loan requires a lot of paperwork, so you should take some time to get all your documentation together. Click here to preview normal questions you'll have to answer on a loan app.
