Securing financing is just one part of a real estate transaction. Larry Bartow - Keller Williams Realty is seasoned at helping new and experienced in all areas of real estate. Contact us if your needs include a professional REALTOR® ready for the business side of real estate.

Are you thinking about financing your home? Larry Bartow - Keller Williams Realty can help.

When buying a home, applying for a mortgage loan is very troublesome for most people, but it doesn't have to be. Being close to various lenders in Valrico has helped me recognize a lot of the things that will make the loan application process easy.

1 – Organize a list of questions about your loan program

Make sure to bring a list of questions with you if you don't perfectly understand the ins and outs of all the various programs. Oftentimes, it can be hard to know the distinctions between both fixed and adjustable rate mortgages. I or one of my lenders can assist you in understanding the advantages and disadvantages of each program.

2 – Determine when you want to lock

When you lock in the interest rate, a mortgage lender is sure to keep to the mortgage interest rates for the loan – often at the time the loan application is presented. By floating the rate, you can lock the rate at any time between the day of your loan application and the issuing of closing documents. Buyers who elect to float presume that the interest rates will dip 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

Generally you can opt to pay additional points to lower the interest rate of your loan. Each point is 1 percent of the mortgage loan and is payable in cash at the time of closing. To decide if buying points is the best option for you, click here to use our points calculator.

4 – Bring your paperwork

Acquiring a mortgage loan requires lots of paperwork, so you should spend some time getting your documents together. Click here to get a feel for general information that goes on a loan application.