
	Securing financing is just one part of a home purchase. Welcome Home Realty International is experienced at assisting both new and experienced buyers alike in all areas of real estate. Call us today at 772-934-9400 if your needs include a professional REALTOR^® ready for the business side of real estate.

Thinking of financing a home in Martin County?

Feeling lots of anxiety over getting financing for a home purchase? You don't have to be. I have excellent relationships with various lending companies in the Martin County area, and they've helped me recognize some things that can make the loan application process much easier.

1 – Organize a list of questions about your loan program

If you find that you don't thoroughly realize the ins and outs of all the various financing options, be sure you have a list of questions with you. It is often a challenge to know the differences 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 program.

2 – Decide when you want to lock

By locking in the interest rate, a lender is committing 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 anytime between the loan application day and the issuing of closing documents. Buyers who decide to float think that 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 decrease your interest rate

If you opt to pay additional points to lower the interest rate of your mortgage loan, you'll pay for them in cash at the time of closing. Each point is 1 percent of the loan. If you're undecided on whether or not purchasing points is the best option for you, click here to use our points calculator.

4 – Bring your paperwork

Getting a loan requires lots of paperwork, so you should take some time to get all your documentation together. Click here to see common questions you'll have to answer on a loan application.