Securing financing is just one part of a home purchase. D Rice Realty is experienced at assisting new and experienced in all areas of real estate. Contact me if your needs include a real estate pro experienced at the business side of buying and selling.

Are you financing a home?

Stressed out about getting financing for a home purchase? You don't have to be. I have close professional relationships with various lenders in the Fort Myers area, and they've helped me learn a few things that make the loan application process pretty simple.

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

If you find that you do not entirely understand the advantages and disadvantages of the various financing options, be sure you bring a list of questions. It is often a challenge understanding the characteristics of fixed and adjustable rate mortgages. One of my trusted lenders or I will assist you with understanding the advantages and disadvantages of each program.

2 – Decide when to lock

Locking in the interest rate denotes that your lender guarantees the interest rates for the loan – typically at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day you apply for your loan and issuance of closing documents. Buyers who choose to float presume 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 – Decide if you want to pay additional points to decrease your interest rate

Typically you can choose to pay additional points to lower the interest rate of your loan. Each point is 1 percent of the mortgage loan and is payable in cash at the time of closing. Click here to use my points calculator. It will assist you in deciding if buying points is the best option for you.

4 – Bring your paperwork

Acquiring a loan requires lots of paperwork, so you should spend some time getting your documents together. Click here to see general information that goes on a loan application.