
	Securing financing is just one part of getting into a new home. Charles Rutenberg Realty is experienced at aiding both new and experienced buyers alike in all areas of real estate. Call us today at (727) 481-5517 if your needs include a real estate pro experienced at the business side of buying and selling.

Are you financing your new home in Clearwater?

Feeling lots of anxiety over applying for a mortgage? You don't have to be. Having connections to a lot of mortgage lenders in Clearwater has helped me recognize some things that can make the loan application process a breeze.

1 – Put together a list of questions regarding your loan program

If you do not totally understand the pros and cons of all the different financing options, make sure to bring a list of questions. I or one of my lenders will be able to help you understand the advantages and disadvantages of each program, because it can be a challenge to know the distinctions between fixed and adjustable rate mortgages.

2 – Decide when to lock

Locking in designates that a mortgage lender holds to the interest rates for the loan – ordinarily at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between the loan application day and closing. Buyers who elect to float conclude the interest rates will fall 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 decrease your rate

Typically you can decide to pay additional points to lower the interest rate of your mortgage 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 help you determine if purchasing points is the best option for you.

4 – Compile your paperwork

Getting a 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.