Getting your mortgage is just one aspect of getting into a new home. The Perkins Team Keller Williams Tampa Properties is seasoned at helping new and experienced in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of buying and selling.
Applying for a new home loan with the help of The Perkins Team Keller Williams Tampa Properties
Feeling lots of anxiety over getting financing for a home purchase? You don't have to be.
I've got great connections to many mortgage lenders in the Tampa area, and they've helped me recognize some things that will make the loan application process a snap.
1 – Create a list of questions about your loan program
Be sure to bring a list of questions with you if you do not thoroughly comprehend the pros and cons of all the various programs.
I or one of my lenders can assist you with understanding the advantages and disadvantages of each program, because it is a challenge to know the distinctions between fixed and adjustable rate mortgages.
2 – Decide when you want to lock
Locking in an interest rate means that the lender keeps 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 at any time between application and issuance of closing documents. Buyers who choose to float presume that the interest rates will plunge 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 interest rate
Usually you can decide to pay additional points to lower the interest rate of your loan. Each point is 1 percent of the mortgage loan and is payable in cash at the time of closing.
Click here to use our points calculator. This tool will help you determine if buying points is right for you.
4 – Compile your paperwork
Acquiring a loan requires lots of paperwork, so you should spend some time getting your documents together. Click here to get a feel for typical questions you'll have to answer on a loan app.
