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Premier Realty Group, Inc. can help you with financing your home.

Many people believe that applying for a mortgage loan is one of the more demanding aspects of buying a home, but it doesn't have to be. Being close with a lot of lending companies in Stuart has helped me understand a few things that make the process of applying for a loan pretty simple.

1 – Organize a list of questions about your loan program

If you don't perfectly realize the ins and outs of the various loan programs, make sure to have a list of questions with you. I or one of my lender contacts can assist you in understanding the advantages and disadvantages of both programs, because it's a challenge to know the distinctions between fixed and adjustable rate mortgages.

2 – Decide when to lock

When you lock in a rate, your lender is sure to hold to the mortgage interest rates for the loan – usually at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between application and at the time of closing. Buyers who choose to float think that interest rates will decline 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 decrease your interest rate

When you opt to pay additional points to lower the rate of your mortgage loan, you'll do so by paying for them in cash at closing. Every point is 1 percent of the mortgage loan. Click here to use our points calculator. This tool will help you determine if buying points is the best option for you.

4 – Gather your paperwork

Obtaining a loan requires a lot of paperwork, so you should take some time to get all your documentation together. Click here to get a list of common loan documentation.

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