
	Getting pre-qualified or pre-approved for a mortgage today can often mean the difference between getting your offer accepted or losing the home of your dreams. A good mortgage is just one aspect of a successful real estate transaction and we are well versed in helping new and experienced buyers get the loan terms they want and need. Call Lee Property Sales today at 561-685-8484 and let us answer your questions about getting a mortgage.

Are you financing a home?

Feeling anxiety over getting a home loan? You don't have to. I've got connections to several lenders in the West Palm Beach area, and they will show you just how easy it is to apply for a loan. You are not alone. Lee Property Sales will be with you every step of the way!

1 – Assemble a list of questions about your loan program

Make sure you bring a list of questions if you find that you don't entirely understand the pros and cons of all the different loan programs. It's hard to understand the distinctions between fixed and adjustable rate mortgages. I or one of my trusted lenders will help you understand the advantages and disadvantages of both.

2 – Determine when to lock

When you lock in the interest rate, the mortgage lender is guaranteed to keep to the interest rates for the loan – ordinarily at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between application and at the time of closing. Those who decide to float believe the interest rates will plunge 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 lower your interest rate

Usually you can opt 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. To decide if purchasing points is right 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 spend some time getting your documentation together. Click here to preview typical questions you'll have to answer on a loan app.

* MOL = More or Less