
	Getting your mortgage is just one part of getting into a new home. Ben & Marie Lane, Watson Realty Corp. is seasoned at assisting both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of real estate.

Let Ben & Marie Lane, Watson Realty Corp. assist you with applying for a new home loan.

For most people, applying for financing is one of the more exasperating aspects of buying a house. But it doesn't have to be. Being connected to many lending companies in the Flagler Beach, Palm Coast, Beachside area has helped me realize a lot of the things that will make the loan application process much easier.

1 – Assemble a list of questions regarding your loan program

If you find that you don't perfectly understand the pros and cons of all the various financing options, make sure you bring a list of questions. It is often a challenge to understand the differences between both fixed and adjustable rate mortgages. I or one of my lender contacts can assist you in understanding the advantages and disadvantages of each program.

2 – Determine when you want to lock

When you lock in the interest rate, it denotes that your lender commits to the mortgage interest rates for the loan – typically at the time the loan application is presented. By floating the rate, you can lock the rate anytime between the day you apply for your loan and issuance of closing documents. Those who choose to float think 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 – Determine if you want to pay additional points to lower your rate

Generally you can choose 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. Click here to use our points calculator. This tool will help you determine if purchasing points is right for you.

4 – Bring your paperwork

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

Ben Lane, Watson Realty Corp. 1410 Palm Coast Pkwy NW, Palm Coast, FL. 32137
Marie Lane, Watson Referral Realty, 7821 Deercreek Club Rd., Jackonville, FL. 32256

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