Securing financing is just one part of a home purchase. STEVEN R LINDBURG, P.A. Anchor Real Estate is seasoned at assisting new and experienced in all areas of real estate. Contact us if your needs include a professional REALTOR® experienced at the business side of real estate.


Are you thinking about financing your new home in Marco Island?

When purchasing a home, applying for the loan is very demanding for many people, but it doesn't have to be. I've got great connections to several lending companies in Marco Island, and they've helped me recognize a few things that will make the loan application process pretty simple.

1 – Assemble a list of questions about your loan program

If you do not completely comprehend the advantages and disadvantages of the various programs, make sure you bring a list of questions with you. I or one of my lenders will be able to assist you with understanding the advantages and disadvantages of both programs, because it is hard to understand the differences between both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in the rate, it indicates that your lender holds to the interest rates for the loan – normally at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the loan application day and issuance of closing documents. Buyers who elect to float conclude interest rates will decline 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 reduce your rate

Typically you can elect to pay additional points to lower the rate of your mortgage loan. Each point is 1 percent of the loan and is payable in cash at closing. Click here to use our points calculator. This tool will help you decide if purchasing points is the best option for you.

4 – Compile your paperwork

Obtaining a mortgage loan requires lots of paperwork, so you should spend some time getting all your documentation together. Click here to get a feel for normal information that goes on a loan application.

STEVEN R LINDBURG, P.A. Anchor Real Estate 1103 Bald Eagle Dr. Marco Island, Florida 34145
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