Applying for a Loan

Securing financing is just one part of a home purchase. Florida Property Center is experienced at assisting new and experienced in all areas of real estate. Contact me if your needs include a professional REALTOR® ready for the business side of buying and selling.

Are you financing your home?

Securing mortgage financing is one of the more distressing elements of buying a home. But it doesn’t have to be. I have close working relationships with a lot of lending companies in Cocoa Beach, and they’ve helped me recognize some things that will make the loan application process a breeze.

  1. Make a list of questions regarding your loan programBe sure to bring a list of questions if you do not totally grasp the ins and outs of the different programs. At times, it can be a challenge understanding the differences between both fixed and adjustable rate mortgages. One of my lenders or I can help you understand the advantages and disadvantages of each one.
  2. Decide when you want to lockBy locking in the rate, a lender is guaranteeing the 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 application and issuance of closing documents. Those who decide to float think that interest rates will dip 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 rateWhen you decide to pay additional points to lower the interest rate of your mortgage loan, you’ll do so by paying for them in cash at the time of closing. Every point is 1 percent of the mortgage loan.
  4. Gather your paperworkObtaining a mortgage loan requires a lot of paperwork, so you should take some time to get all your documentation together.


Get more information on the real estate market in Brevard County.Quick response. Professional service. Start your search with us today.

[customcontact form=6]

Note: Fields with an * are required