
	Getting your loan locked down is just one part of a real estate transaction. Bud Adorjan, Margaret Adorjan & Associates licensed real estate broker is seasoned at assisting both new and experienced buyers alike in all areas of real estate. Call us today at 9412702177 if your needs include a real estate pro ready for the business side of real estate.

Are you going to finance your new home?

Applying for financing can be one of the most troublesome aspects of purchasing a house. But it doesn't have to be. Being close to various lending companies in Englewood has helped me recognize some things that will make the loan application process pretty simple.

1 – Assemble a list of questions regarding your loan program

If you don't thoroughly comprehend the pros and cons of the different programs, be sure to have a list of questions. I or one of my trusted lenders can help you understand the advantages and disadvantages of each program, because it's hard to know the differences between both fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in an interest rate, it indicates that your mortgage lender keeps to the interest rates for the loan – typically at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day you apply for the loan and at the time of closing. Buyers who opt 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 – Decide if you want to pay additional points to lower your rate

Normally you can decide to pay additional points to lower the rate of your loan. Each point is 1 percent of the loan and is payable in cash at the time of closing. If you're unsure if buying points is right for you, click here to use our points calculator.

4 – Gather your paperwork

Acquiring a mortgage loan requires lots of paperwork, so you should take some time to get your documents together. Click here to preview normal information that goes on a loan application.

Bud Adorjan, Margaret Adorjan & Associates licensed real estate broker 1500 s mccall rd Englewood, FL 34223

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