
	Getting your loan locked down is just one part of getting into a new home. Amerivest Realty is seasoned at helping new and experienced in all areas of real estate. Call us today at 239-293-7051 if your needs include a professional REALTOR^® experienced at the business side of buying and selling.

Are you thinking of financing a new home in Naples?

Stressed out about getting financing for a home purchase? You don't have to be. I've got great connections to several lenders in the Naples area, and they've helped me realize some things that will make the loan application process very easy.

1 – Assemble a list of questions regarding your loan program

If you do not fully realize the pros and cons of the different programs, be sure to have a list of questions with you. I or one of my lender contacts can assist you with understanding the advantages and disadvantages of each program, because it's hard to understand the distinctions between both fixed and adjustable rate mortgages.

2 – Decide when to lock

When you lock in the interest rate, the lender is sure to hold to the mortgage interest rates for the loan – usually at the time the loan application is presented. By floating the rate, you can lock the rate anytime between the day of your loan application and the issuing of closing documents. Those who decide to float think 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

When you elect 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. Each point is 1 percent of the mortgage loan. Click here to use our points calculator. It will assist you in determining if purchasing points is right for you.

4 – Bring your paperwork

Getting a mortgage loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to see normal information that goes on a loan application.