
	Securing financing is just one aspect of a real estate transaction. JLS Investment Realty is experienced at aiding new and experienced in all areas of real estate. Call us today at 813.506.8212 if your needs include a professional REALTOR^® experienced at the business side of real estate.

Are you thinking of financing a home? JLS Investment Realty can help.

For many people, securing a loan can be one of the more troublesome parts of buying a home. But it doesn't have to be. I have excellent relationships with a lot of lending companies in the Land O Lakes area, and they've helped me realize a few things that will make the loan application process a snap.

1 – Put together a list of questions about your loan program

If you do not totally comprehend the pros and cons of the various financing options, make sure you have a list of questions with you. I or one of my trusted lenders can assist you with understanding the advantages and disadvantages of both programs, because it can be a challenge to know the characteristics of fixed and adjustable rate mortgages.

2 – Decide when to lock

Locking in the rate indicates that a mortgage lender holds to the mortgage interest rates for the loan – generally at the time the loan application is received. By floating the rate, you can lock the rate anytime between application and closing. Those who choose to float presume that interest rates will fall 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

Generally 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. If you're not sure if purchasing points is the best option for you, click here to use our points calculator.

4 – Compile your paperwork

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