
	Getting your loan locked down is just one aspect of getting into a new home. I am experienced at helping buyers in all areas of real estate. Call me today at 321.243.8900 if you need a pro ready for the business side of real estate.

Thinking of financing your home ? Susan Houha with D Basile Real Estate can help.

When buying a home, applying for the mortgage loan is very demanding for a lot of people, but it doesn't have to be. Being close to various lenders in Brevard County has helped me recognize a few things that can make the process of applying for a loan effortless.

1 – Create a list of questions about your loan program

If you find that you do not fully understand the pros and cons of the different financing options, be sure you have a list of questions. I or one of my lenders will assist you with understanding the advantages and disadvantages of each one, because it's a challenge to know the characteristics of fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in a rate, a lender is guaranteed to hold to the interest rates for the loan – usually at the time the loan application is presented. By floating the rate, you can lock the rate at any time between the day you apply for your loan and the issuing of closing documents. Those who choose to float conclude interest rates will dip 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 rate

Typically you can choose 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 closing. To decide if you should buy points, click here to use our points calculator.

4 – Gather your paperwork

Acquiring a loan requires a lot of paperwork, so you should take some time to get all your documents together. Click here to see common questions you'll have to answer on a loan app.