Let J. Briann Realty Group, Inc. assist you in applying for a new home loan in West Palm Beach.

Applying for financing can be one of the most demanding elements of buying a home for a buyer, but it doesn't have to be. I'm pretty close to many lending companies in West Palm Beach, and they've helped me realize some things that make the loan application process effortless.

1 – Put together a list of questions regarding your loan program

Be sure to have a list of questions with you if you find that you don't entirely realize the advantages and disadvantages of all the different loan programs. Oftentimes, it can be a challenge understanding the characteristics of fixed and adjustable rate mortgages. I or one of my lender contacts will assist you with understanding the advantages and disadvantages of each.

2 – Determine when to lock

When you lock in an interest rate, it denotes that your mortgage lender keeps to the interest rates for the loan – commonly 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 issuance of closing documents. Those who prefer to float presume that interest rates will plunge in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Determine if you want to pay additional points to lower your interest rate

If you opt to pay additional points to lower the rate of your loan, you'll pay for them in cash at closing. Every point is 1 percent of the loan. To decide if you should buy points, click here to use our points calculator.

4 – Gather your paperwork

Acquiring a loan requires lots of paperwork, so you should take some time to get all your documents together. Click here for a list of normal loan documentation.

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