Are you financing a new home in Pembroke Pines? LMG Realty, Inc can help.
When buying a home, the loan application is very stressful for many people, but it doesn't have to be.
Being close with many lenders in Pembroke Pines has helped us learn a few things that make the loan application process very manageable.
1 – Put together a list of questions regarding your loan program
Make sure you bring a list of questions if you find that you do not entirely understand the advantages and disadvantages of the different programs.
One of our lenders or staff will be able to assist you in understanding the advantages and disadvantages of each program, because it is a challenge to understand the differences between fixed and adjustable rate mortgages.
2 – Determine when you want to lock
By locking in a rate, the lender is keeping to the mortgage interest rates for the loan – commonly at the time the loan application is presented.
By floating the rate, you can lock the rate anytime between the day of your loan application and at the time of closing. Those who elect to float think interest rates will fall in the near future. Click here to see the outlook for the next 90 days of interest rates.
3 – Gather your paperwork
Acquiring a mortgage loan requires a lot of paperwork, so you should take some time to get all your documents together. Click here to see normal questions you'll have to answer on a loan app.
Need More Assistance?
Getting your mortgage is just one part of a home purchase. LMG Realty, Inc is seasoned at aiding new and experienced in all areas of real estate. Contact us if your needs include a professional REALTOR® ready for the business side of real estate.