
	Getting your mortgage is just one aspect of a real estate transaction. REMAX Prestige Realty is experienced at assisting both new and experienced buyers alike in all areas of real estate. Call us today at 5616326089 if your needs include a real estate pro experienced at the business side of real estate.

Let REMAX Prestige Realty help you apply for a new home loan in West Palm Beach.

Stressed out about applying for a mortgage? You don't have to be. I have close working relationships with several mortgage lenders in West Palm Beach, and they've helped me recognize some things that can make the process of applying for a loan uncomplicated.

1 – Assemble a list of questions regarding your loan program

Be sure to bring a list of questions if you don't entirely comprehend the advantages and disadvantages of all the different loan programs. Oftentimes, it can be hard to understand the differences between both fixed and adjustable rate mortgages. I or one of my lenders will assist you in understanding the advantages and disadvantages of each.

2 – Decide when to lock

By locking in a rate, your lender is holding to the interest rates for the loan – most often at the time the loan application is presented. By floating the rate, you can lock the rate at any time between the loan application day and closing. Buyers who decide to float believe that interest rates will decline 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 interest rate

If you elect to pay additional points to lower the rate of your loan, you'll pay for them in cash at closing. Every point is 1 percent of the mortgage loan. Click here to use our points calculator. It will help you decide if purchasing points is the best option for you.

4 – Gather your paperwork

Acquiring a mortgage 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.

Mortgage Calculator:

Sales Price:		$
Down:		%
Interest Rate:		%
Term:		yrs

Monthly payment:		$

Today's Rates:

Mtg Loan

Rate

APR

30-yr Fixed	3.87%	4%
15-yr Fixed	3.16%	3.33%
1-yr Adj	2.78%	3.45%

* national averages

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