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Applying for a new home loan in Stuart with help from Premier Realty Group, Inc.

Applying for the loan can be one of the most distressing parts of buying a home, but it doesn't have to be. I have a close relationship with several lending companies in Stuart, and they've helped me learn some things that make the loan application process effortless.

1 – Make a list of questions regarding your loan program

If you find that you do not perfectly comprehend the advantages and disadvantages of all the different loan programs, be sure to have a list of questions. It is a challenge to understand the differences between fixed and adjustable rate mortgages. I or one of my lender contacts can assist you with understanding the advantages and disadvantages of each one.

2 – Determine when you want to lock

Locking in an interest rate designates that a lender guarantees the mortgage interest rates for the loan – generally at the time the loan application is presented. By floating the rate, you can lock the rate at any time between the loan application day and the issuing of closing documents. Buyers who decide to float conclude 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 lower your interest rate

When you choose to pay additional points to lower the interest rate of your mortgage loan, you'll do so by paying for them in cash at the time of closing. Every point is 1 percent of the loan. Click here to use our points calculator. This tool will assist you in determining if buying points is right for you.

4 – Bring your paperwork

Getting a loan requires lots of paperwork, so you should spend some time getting your documentation together. Click here for a list of common loan documentation.

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