
	Getting your mortgage is just one part of a home purchase. Davis Suncoast Realty is seasoned at aiding both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of real estate.

Are you thinking of financing a new home? Davis Suncoast Realty can help.

When buying a home, applying for financing is very exasperating for a lot of people, but it doesn't have to be. I have close business relationships with many mortgage lenders in the Indian Rocks Beach area, and they've helped me recognize a few things that will make the loan application process a breeze.

1 – Make a list of questions about your loan program

If you do not fully understand the pros and cons of all the various programs, make sure you have a list of questions. I or one of my lenders can assist you in understanding the advantages and disadvantages of each program, because it is a challenge to understand the characteristics of fixed and adjustable rate mortgages.

2 – Decide when you want to lock

By locking in an interest rate, the mortgage lender is holding to the mortgage interest rates for the loan – most often at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between the day you apply for the loan and closing. Those who choose to float believe that interest rates will plunge 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 reduce your interest rate

Typically you can opt to pay additional points to lower the rate of your loan. Every point is 1 percent of the loan and is payable in cash at closing. To decide if buying points is right for you, click here to use our points calculator.

4 – Compile your paperwork

Getting a mortgage loan requires lots of paperwork, so you should take some time to get your documents together. Click here to preview common information that goes on a loan application.