Let Frontline Florida Realty Inc assist you in applying for a loan in .

A lot of people believe that applying for the loan is one of the most demanding elements of buying a home, but it doesn't have to be. I'm well-connected with various mortgage lenders in the area, and they've helped me recognize some things that will make the loan application process a snap.

1 – Compile a list of questions regarding your loan program

If you find that you don't completely comprehend the advantages and disadvantages of the different programs, make sure you bring a list of questions with you. I or one of my lenders will be able to assist you in understanding the advantages and disadvantages of both programs, because it's a challenge to understand the distinctions between both fixed and adjustable rate mortgages.

2 – Determine when to lock

When you lock in the interest rate, it designates that a mortgage lender guarantees the interest rates for the loan – usually at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between the day you apply for the loan and closing. Those who choose to float presume interest rates will fall 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 reduce your rate

Typically you can opt to pay additional points to lower the interest rate of your mortgage loan. Each point is 1 percent of the loan and is payable in cash at the time of closing. To determine if you should purchase points, click here to use our points calculator.

4 – Compile your paperwork

Acquiring a loan requires lots of paperwork, so you should take some time to get your documentation together. Click here to get a list of general loan documentation.