Are you financing a home in Fort Pierce? Pare Realty, Inc. can help.

Applying for the loan can be one of the most distressing parts of buying a house for a buyer, but it doesn't have to be. Being close to several mortgage lenders in the Fort Pierce area has helped me learn a few things that will make the loan application process much easier.

1 – Create a list of questions regarding your loan program

Make sure to bring a list of questions if you find that you don't thoroughly realize the pros and cons of the different loan programs. I or one of my trusted lenders can help you understand the advantages and disadvantages of each one, because it is hard to understand the differences between both fixed and adjustable rate mortgages.

2 – Determine when you want to lock

Locking in means that a lender holds to the mortgage interest rates for the loan – most often at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between the day you apply for the loan and closing. Those who opt to float conclude interest rates will plunge 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 lower your interest rate

Normally you can choose to pay additional points to lower the interest rate of your mortgage loan. Every point is 1 percent of the loan and is payable in cash at the time of closing. If you're unsure if purchasing points is the best option for you, click here to use our points calculator.

4 – Bring your paperwork

Getting a loan requires a lot of paperwork, so you should spend some time getting your documentation together. Click here to get a list of common loan documentation.