Getting your mortgage is just one part of a real estate transaction. Vintage Homes Realty is seasoned at aiding new and experienced in all areas of real estate. Call me today at 813-758-7444 if your needs include a real estate pro ready for the business side of buying and selling.

Are you going to finance your new home? Vintage Homes Realty can help.

For many people, applying for mortgage financing can be one of the most exasperating elements of buying a home. But it doesn't have to be. I have close professional relationships with some reputable mortgage lenders in the Tampa area, and they've helped me understand a few things that will make the loan application process very manageable.

1 – Make a list of questions about your loan program

Be sure to have a list of questions with you if you don't totally understand the pros and cons of all the various loan programs. One of my lender contacts or I can help you understand the advantages and disadvantages of both programs, because it is hard to know the differences between both fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in the interest rate, the mortgage lender is sure to keep to the mortgage interest rates for the loan – normally at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the day you apply for your loan and the issuing of closing documents. Those who decide to float believe that the interest rates will fall in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Decide if you want to pay additional points to decrease your interest rate

Normally you can choose to pay additional points to lower the interest rate of your mortgage loan. Every point is 1 percent of the mortgage loan and is payable in cash at the time of closing. If you're not sure if buying points is the best option for you, click here to use my points calculator.

4 – Compile your paperwork

Getting a loan requires a lot of paperwork, so you should spend some time getting all your documents together. Click here to get a feel for common questions you'll have to answer on a loan app.

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