
	Getting your loan locked down is just one part of a home purchase. Watson Realty Corp is experienced at helping both new and experienced buyers alike in all areas of real estate. Call us today at 407-589-1672 if your needs include a real estate pro ready for the business side of real estate.

Applying for a home loan with help from Watson Realty Corp

Feeling lots of anxiety over getting financing for a home purchase? You don't have to be. Having connections to several lending companies in the Orlando area has helped me recognize a lot of the things that will make the process of applying for a loan a breeze.

1 – Make a list of questions about your loan program

Make sure you have a list of questions with you if you do not fully grasp the ins and outs of the various programs. I or one of my lenders can assist you in understanding the advantages and disadvantages of both programs, because it is a challenge to know the differences between fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in the rate, it denotes that your lender keeps to the mortgage interest rates for the loan – commonly at the time the loan application is received. By floating the rate, you can lock the rate at any time between application and at the time of closing. Those who opt to float presume that interest rates will decline 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 lower your rate

Typically you can choose to pay additional points to lower the rate of your loan. Each point is 1 percent of the mortgage loan and is payable in cash at closing. Click here to use our points calculator. It will assist you with deciding if purchasing points is right for you.

4 – Gather your paperwork

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

Donald Migliore P.A. ABR, CIPS, GRI, SRES, TRC
Residential/Commercial - International Sales
ABR - Accredited Buyer Representive
CIPS - Certified International Property Specialist
GRI - Graduate Realtor Institute
SRES - Senior Real Estate Specialist
TRC - Transnational Referral Certification