
	Securing financing is just one aspect of a real estate transaction. Lois Jost - Sea Horse Properties, Inc. is seasoned at helping both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a professional REALTOR^® experienced at the business side of buying and selling.

Let Lois Jost - Sea Horse Properties, Inc. help you with financing your new home.

When buying a home, applying for the loan is stressful for most people, but it doesn't have to be. Being connected to a lot of lenders in Amelia Island has helped me understand a lot of the things that make the process of applying for a loan a breeze.

1 – Compile a list of questions about your loan program

If you do not completely comprehend the pros and cons of the different financing options, be sure you bring a list of questions with you. I or one of my trusted lenders will be able to help you understand the advantages and disadvantages of both programs, because it can be a challenge to understand the distinctions between fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in the rate, it designates that the mortgage lender commits 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 anytime between application and at the time of closing. Those who prefer to float think that the interest rates will drop 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 interest rate

When you opt to pay additional points to lower the rate of your loan, you will pay for them in cash at closing. Each point is 1 percent of the mortgage loan. Click here to use our points calculator. This tool will assist you in determining if buying points is right for you.

4 – Bring your paperwork

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