
	Securing financing is just one part of a home purchase. The Realty Firm, Inc. is experienced at helping new and experienced in all areas of real estate. Contact us if your needs include a professional REALTOR^® ready for the business side of buying and selling.

Do you wish to finance a new home in Destin?

Applying for the loan is one of the most demanding elements of purchasing a home. But it doesn't have to be. Being connected with many lending companies in Destin has helped me understand a lot of the things that will make the process of applying for a loan a snap.

1 – Compose a list of questions regarding your loan program

Be sure you have a list of questions with you if you find that you do not perfectly comprehend the ins and outs of the different loan programs. I or one of my lenders will help you understand the advantages and disadvantages of both programs, because it is hard to know the distinctions between both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

By locking in the interest rate, the mortgage lender is guaranteeing the interest rates for the loan – ordinarily at the time the loan application is received. By floating the rate, you can lock the rate anytime between the loan application day and at the time of closing. Those who prefer to float conclude that 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

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

4 – Gather your paperwork

Getting a mortgage loan requires a lot of paperwork, so you should take some time to get your documentation together. Click here to see general questions you'll have to answer on a loan app.

Feel free to call me anytime! I am available to answer your questions anytime. Thanks!