Let Premier Realty Group, Inc. assist you with applying for a new home loan in Stuart.

For most people, applying for the mortgage loan can be one of the most exasperating aspects of purchasing a house, but it doesn't have to be. I have a close relationship with many lenders in the Stuart area, and they've helped me learn a few things that can make the process of applying for a loan much easier.

1 – Make a list of questions about your loan program

Make sure to bring a list of questions with you if you find that you do not completely understand the ins and outs of the different programs. It can be hard to understand the characteristics of both fixed and adjustable rate mortgages. I or one of my trusted lenders can assist you in understanding the advantages and disadvantages of each one.

2 – Determine when to lock

When you lock in an interest rate, the lender is guaranteed to keep to the mortgage interest rates for the loan – commonly at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between application and the issuing of closing documents. Buyers who elect to float believe 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 lower your interest rate

Oftentimes 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. If you're unsure as to whether or not purchasing points is the best option for you, click here to use our points calculator.

4 – Bring your paperwork

Acquiring a mortgage loan requires lots of paperwork, so you should take some time to get your documents together. Click here to get a list of common loan documentation.