Getting your mortgage is just one aspect of a home purchase. Pearsall Properties Inc. is experienced at assisting both new and experienced buyers alike in all areas of real estate. Call me today at (239) 458-5566 if your needs include a professional REALTOR® experienced at the business side of real estate.

Are you looking to finance your home? Pearsall Properties Inc. can help.

Stressed out about getting financing for a home purchase? You don't have to be. I have close working relationships with some reputable mortgage lenders in Cape Coral, and they've helped me recognize a few things that will make the loan application process much easier.

1 – Compose a list of questions about your loan program

If you do not completely realize the ins and outs of the different programs, be sure you have a list of questions. One of my lenders or I can assist you with understanding the advantages and disadvantages of each program, because it is a challenge to know the characteristics of fixed and adjustable rate mortgages.

2 – Determine when you want to lock

Locking in an interest rate designates that a lender holds to the mortgage interest rates for the loan – typically at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between application and the issuing of closing documents. Those who elect to float think that the interest rates will plunge 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 reduce your interest rate

When you elect to pay additional points to lower the interest rate of your loan, you will do so by paying for them in cash at closing. Every point is 1 percent of the loan. Click here to use my points calculator. It will help you decide if purchasing points is the best option for you.

4 – Bring your paperwork

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

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