Securing financing is just one aspect of a real estate transaction. J. Ryan Realty, Inc. is seasoned at assisting new and experienced in all areas of real estate. Call us today at 954-396-3223 if your needs include an experienced professional REALTOR®.


Are you going to finance a new home in WIlton Manors?

Feeling lots of anxiety over getting financing for a home purchase? You don't have to be. Being connected with a lot of lenders in WIlton Manors has helped me learn some things that make the process of applying for a loan easy.

1 – Make a list of questions about your loan program

Be sure you bring a list of questions with you if you do not entirely comprehend the advantages and disadvantages of all the various programs. I or one of my lender contacts will be able to help you understand the advantages and disadvantages of both programs, because it is a challenge to know the differences between fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in the interest rate, a mortgage lender is guaranteed to keep to the mortgage interest rates for the loan – generally 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 issuance of closing documents. Buyers who choose to float presume the 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 lower your interest rate

Usually you can decide to pay additional points to lower the interest rate of your mortgage loan. Each point is 1 percent of the mortgage loan and is payable in cash at closing. Click here to use our points calculator. This tool will assist you with determining if purchasing points is the best option for you.

4 – Bring your paperwork

Obtaining a loan requires a lot of paperwork, so you should spend some time getting all your documents together. Click here to get a feel for general information that goes on a loan application.

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First Time Buyers | Home | Applying for a Loan | 9 Steps to Owning

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