
	Securing financing is just one aspect of a home purchase. RE/MAX Estates is experienced at aiding both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro experienced at the business side of real estate.

Are you looking to finance your new home in Estero? RE/MAX Estates can help.

When purchasing a home, applying for the loan is exasperating for many people, but it doesn't have to be. Having connections with various mortgage lenders in Estero has helped me realize a lot of the things that can make the process of applying for a loan a snap.

1 – Compile a list of questions regarding your loan program

If you don't totally understand the ins and outs of the different programs, be sure you have a list of questions with you. I or one of my trusted lenders can help you understand the advantages and disadvantages of each one, because it can be a challenge to understand the differences between both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in a rate, a mortgage lender is guaranteed to commit to the mortgage interest rates for the loan – commonly at the time the loan application is presented. By floating the rate, you can lock the rate at any time between the day you apply for your loan and the issuing of closing documents. Buyers who opt to float believe 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

Normally you can opt to pay additional points to lower the interest rate of your loan. Every point is 1 percent of the mortgage loan and is payable in cash at the time of closing. If you're undecided as to whether or not buying points is the best option for you, click here to use our points calculator.

4 – Bring your paperwork

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