J. Briann Realty Group, Inc. can help you apply for a new home loan.

Applying for mortgage financing can be one of the most troublesome elements of purchasing a house, but it doesn't have to be. I'm pretty familiar with some mortgage lenders in the West Palm Beach area, and they've helped me realize some things that can make the loan application process effortless.

1 – Create a list of questions regarding your loan program

If you find that you don't completely understand the ins and outs of all the different programs, be sure you bring a list of questions with you. Oftentimes, it can be hard to understand the distinctions between both fixed and adjustable rate mortgages. I or one of my lender contacts will assist you with understanding the advantages and disadvantages of each one.

2 – Determine when you want to lock

By locking in the rate, a lender is holding 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 at any time between the day you apply for the loan and the issuing of closing documents. Buyers who choose to float presume that the interest rates will decline 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 reduce your interest rate

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

4 – Bring your paperwork

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

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