Are you going to finance a home?

For a lot of people, applying for financing is one of the most demanding aspects of purchasing a house, but it doesn't have to be. I'm very connected to some lending companies in Dunedin , and they've helped me recognize a few things that can make the process of applying for a loan a breeze.

1 – Compile a list of questions about your loan program

Make sure you have a list of questions with you if you find that you don't thoroughly realize the pros and cons of all the different programs. It's a challenge understanding the differences between both fixed and adjustable rate mortgages. I or one of my trusted lenders will assist you in understanding the advantages and disadvantages of each.

2 – Determine when you want to lock

Locking in a rate designates that your lender keeps to the mortgage interest rates for the loan – generally at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between the loan application day and issuance of closing documents. Buyers who decide to float think the interest rates will drop 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

Typically you can decide to pay additional points to lower the rate of your mortgage loan. Every point is 1 percent of the loan and is payable in cash at closing. To determine if purchasing points is right for you, click here to use our points calculator.

4 – Bring your paperwork

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


Hot Homes Realty

310 Causeway Blvd.
Dunedin , FL 34698