Getting your mortgage is just one aspect of getting into a new home. Golf and Home Realty is seasoned at helping both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of real estate.

Are you thinking about financing your home?

Feeling lots of anxiety over getting financing for a home purchase? You don't have to be. Having connections to various lending companies in the Avon Park area has helped us realize a lot of the things that make the loan application process pretty simple.

1 – Organize a list of questions about your loan program

If you do not completely comprehend the advantages and disadvantages of all the various programs, make sure you bring a list of questions with you.One of our lenders or staff will help you understand the advantages and disadvantages of both programs, because it's hard to know the distinctions between both fixed and adjustable rate mortgages.

2 – Determine when to lock

When you lock in the interest rate, it means that the lender keeps to the mortgage interest rates for the loan – most often at the time the loan application is received.By floating the rate, you can lock the rate anytime between the loan application day and issuance of closing documents. Those who decide to float presume the interest rates will dip in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Compile your paperwork

Acquiring a loan requires lots of paperwork, so you should spend some time getting your documentation together. Click here to see common information that goes on a loan application.

letely comprehend the ins and outs of all the different programs, make sure to have a list of questions with you. I or one of my lenders will assist you with understanding the advantages and disadvantages of both programs, because it is hard to understand the distinctions between both fixed and adjustable rate mortgages.

2 – Decide when to lock

When you lock in the rate, it designates that the lender commits to the 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 application and at the time of closing. Buyers who choose to float believe that the interest rates will drop in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Determine if you want to pay additional points to reduce your interest rate

When you decide 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. Every point is 1 percent of the mortgage loan. If you're undecided on whether or not buying points is right for you, click here to use our points calculator.

4 – Bring your paperwork

Obtaining a loan requires lots of paperwork, so you should spend some time getting your documents together. Click here to see common questions you'll have to answer on a loan app.

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