
	Getting your loan locked down is just one aspect of a real estate transaction. Todd Blosser P.A. is seasoned at assisting new and experienced in all areas of real estate. Contact us if your needs include a professional REALTOR^® ready for the business side of real estate.

Are you going to finance a new home? Todd Blosser P.A. can help.

Feeling lots of anxiety over getting financing for a home purchase? You don't have to be. I have excellent relationships with various lenders in Boca Raton, and they've helped me learn some things that can make the process of applying for a loan very easy.

1 – Compile a list of questions regarding your loan program

Be sure to bring a list of questions with you if you find that you do not perfectly comprehend the ins and outs of the different programs. I or one of my lender contacts can assist you with understanding the advantages and disadvantages of both programs, because it is hard to understand the differences between fixed and adjustable rate mortgages.

2 – Determine when to lock

By locking in a rate, your lender is guaranteeing the interest rates for the loan – usually at the time the loan application is received. By floating the rate, you can lock the rate at any time between application and issuance of closing documents. Buyers who elect to float conclude that interest rates will decline 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

If you opt to pay additional points to lower the rate of your mortgage loan, you'll do so by paying for them in cash at the time of closing. Every point is 1 percent of the mortgage loan. Click here to use our points calculator. This tool will assist you with deciding if buying points is right 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 preview general information that goes on a loan application.