Applying for a new home loan in St Augustine

Securing a mortgage loan is one of the more troublesome elements of purchasing a home. But it doesn't have to be. Having connections to some lending companies in the St Augustine area has helped me recognize a few things that make the loan application process very easy.


1 – Compile a list of questions about your loan program

Be sure to have a list of questions if you do not thoroughly comprehend the pros and cons of the different programs. One of my lender contacts or I will help you understand the advantages and disadvantages of each one, because it is hard to know the characteristics of both fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in the rate, the mortgage lender is guaranteed to commit to the interest rates for the loan – most often at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between application and at the time of closing. Those who opt to float think that interest rates will plunge in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Bring your paperwork

Acquiring a loan requires lots of paperwork, so you should spend some time getting all your documents together. Click here to see normal questions you'll have to answer on a loan app.


Need More Help?

Getting your loan locked down is just one aspect of a home purchase. KELLER WILLIAMS REALTY Atlantic Partners is experienced at helping both new and experienced buyers alike in all areas of real estate. Contact me if your needs include a real estate pro ready for the business side of buying and selling.

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