Let Blue to Green Realty help you apply for your loan in West Palm Beach.

Applying for the loan is one of the most troublesome aspects of purchasing a home for a buyer, but it doesn't have to be. Being close with several mortgage lenders in West Palm Beach has helped me understand a few things that will make the process of applying for a loan very manageable.

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

Be sure you have a list of questions if you don't completely realize the ins and outs of all the various programs. I or one of my trusted lenders will help you understand the advantages and disadvantages of both programs, because it can be hard to understand the characteristics of fixed and adjustable rate mortgages.

2 – Determine when you want to lock

By locking in an interest rate, your lender is guaranteeing the interest rates for the loan – typically at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the day you apply for your loan and the issuing of closing documents. Buyers who opt 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 lower your rate

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

4 – Gather your paperwork

Acquiring a loan requires lots of paperwork, so you should take some time to get your documentation together. Click here to get a list of common loan documentation.