J. Briann Realty Group, Inc. can assist you in applying for your loan in West Palm Beach.

Applying for financing can be one of the most demanding parts of buying a house for a buyer, but it doesn't have to be. Being close with a lot of mortgage lenders in West Palm Beach has helped me recognize a few things that can make the process of applying for a loan pretty simple.

1 – Create a list of questions regarding your loan program

If you do not totally comprehend the ins and outs of all the various programs, make sure to bring a list of questions with you. I or one of my lender contacts will be able to assist you with understanding the advantages and disadvantages of both programs, because it is hard to know the differences between fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in a rate, the lender is guaranteed to commit to the mortgage interest rates for the loan – most often at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between the loan application day and issuance of closing documents. Those who decide to float believe that 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 interest rate

When you decide to pay additional points to lower the interest rate of your mortgage loan, you will pay for them in cash at the time of closing. Each point is 1 percent of the mortgage loan. Click here to use our points calculator. This tool will assist you with determining if purchasing points is right for you.

4 – Bring your paperwork

Getting a mortgage loan requires lots of paperwork, so you should spend some time getting your documentation together. Click here for a list of common loan documentation.

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