Pam Vasil
Realtor®, GRI
727.744.3664
vasipam@gmail.com

 

Pam Vasil, P.A
Realtor®, GRI
Cell: 727.744.3664
Click Here to Email Pam

Century 21 Coast to Coast

CENTURY 21 Coast to Coast
The Shoppes at Sand Key
662 S. Gulview
Clearwater, FL 33767
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Applying for a Loan

Securing financing is just one part of a home purchase. CENTURY 21 Coast to Coast is experienced at helping both new and experienced buyers alike 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 financing your new home in Clearwater Beach?

For most people, applying for a loan is one of the more stressful elements of purchasing a home. But it doesn't have to be. I've got great connections to a lot of mortgage lenders and they've helped me recognize some things that will make the loan application process much easier.

1 – Put together a list of questions regarding your loan program

If you find that you do not completely comprehend the ins and outs of all the various programs, be sure you have a list of questions. I or one of my lender contacts will be able to help you understand the advantages and disadvantages of each one, because it is hard to know the distinctions between both fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in an interest rate, it indicates that a lender guarantees the interest rates for the loan – ordinarily at the time the loan application is presented. By floating the rate, you can lock the rate anytime between the day you apply for your loan and at the time of closing. Those who prefer to float presume interest rates will dip in the near future.

3 – Decide if you want to pay additional points to lower your rate

Often times you can decide to pay additional points to lower the rate of your loan. Every point is 1 percent of the mortgage loan and is payable in cash at closing. To decide if you should buy points, click here to use our points calculator.

4 – Bring your paperwork

Obtaining a loan requires lots of paperwork, so you should spend some time getting all your documents together. Click here to see normal questions you'll have to answer on a loan app.