Are you thinking of financing a home? J. Briann Realty Group, Inc. can help.

When buying a home, applying for the mortgage loan is a distressing event for many people, but it doesn't have to be. I have a close business relationship with many mortgage lenders in the West Palm Beach area, and they've helped me realize some things that make the loan application process a snap.

1 – Compose a list of questions about your loan program

Be sure you bring a list of questions if you find that you don't completely comprehend the advantages and disadvantages of the different programs. It's a challenge to understand the characteristics of fixed and adjustable rate mortgages. I or one of my trusted lenders will assist you with understanding the advantages and disadvantages of each program.

2 – Determine when you want to lock

When you lock in a rate, a mortgage lender is sure to commit to the mortgage interest rates for the loan – often at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between the day of your loan application and issuance of closing documents. Those who choose to float presume the interest rates will fall 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 reduce your rate

Normally you can decide to pay additional points to lower the interest rate of your mortgage loan. Every point is 1 percent of the loan and is payable in cash at closing. Click here to use our points calculator. This tool will help you decide if buying points is the best option for you.

4 – Bring your paperwork

Obtaining a mortgage loan requires a lot of paperwork, so you should take some time to get your documentation together. Click here to get a list of common loan documentation.

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