Applying for a loan 

Feeling lots of anxiety over applying for a mortgage? You don't have to be.  We've got great connections to several local lenders in, and they've helped us understand some things that can make the process of applying for a loan a snap.


1 – Assemble a list of questions about your loan program

Make sure to have a list of questions if you find that you do not completely understand the advantages and disadvantages of the different programs. It's a challenge understanding the differences between fixed and adjustable rate mortgages. One of our lender contacts will be able to assist you in understanding the advantages and disadvantages of both programs.

2 – Decide when to lock

When you lock in the rate, it denotes that your lender keeps to the mortgage interest rates for the loan – usually 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 at the time of closing. Those who prefer to float conclude that 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

Obtaining a mortgage loan requires lots of paperwork, so you should take some time to get all your documentation together. Click here to get a feel for normal information that goes on a loan application.


Have More Questions?

Securing financing is just one aspect of getting into a new home. Keys Postcard Properties is seasoned at aiding new and experienced in all areas of real estate. Call us today at 305-432-1043 if your needs include a real estate pro experienced at the business side of real estate.

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