Getting your loan locked down is just one aspect of a real estate transaction. Harrell Realty, Inc is experienced at aiding both new and experienced buyers alike in all areas of real estate. Call me today at (850) 539-1000 if your needs include a professional REALTOR® experienced at the business side of buying and selling.

Are you going to finance your new home in Havana? Harrell Realty, Inc can help.

When purchasing a home, the loan application is very troublesome for many people, but it doesn't have to be. Being close to various lenders in the Havana area has helped me recognize a few things that make the loan application process a breeze.

1 – Create a list of questions regarding your loan program

If you find that you do not perfectly realize the ins and outs of the various programs, be sure to have a list of questions with you. It is a challenge to understand the characteristics of fixed and adjustable rate mortgages. One of my lenders or I can assist you with understanding the advantages and disadvantages of each.

2 – Decide when to lock

By locking in a rate, a lender is guaranteeing the interest rates for the loan – usually at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between application and at the time of closing. Those who elect to float believe the interest rates will fall in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Bring your paperwork

Acquiring a loan requires a lot of paperwork, so you should spend some time getting all your documentation together. Click here to see general information that goes on a loan application.