Are you going to finance a new home? Pare Realty, Inc. can help.

Applying for the mortgage loan can be one of the most stressful parts of buying a home, but it doesn't have to be. I'm very well-connected to various lending companies in Fort Pierce, and they've helped me learn some things that make the process of applying for a loan very easy.

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

Be sure you have a list of questions with you if you don't completely understand the pros and cons of the different loan programs. I or one of my lender contacts can help you understand the advantages and disadvantages of both programs, because it is a challenge to know the differences between both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in a rate, it means that a lender guarantees the mortgage interest rates for the loan – typically at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between the day of your loan application and the issuing of closing documents. Buyers who decide to float conclude that interest rates will drop 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 decrease your rate

If you elect to pay additional points to lower the interest rate of your mortgage loan, you'll do so by paying for them in cash at closing. Each point is 1 percent of the loan. Click here to use our points calculator. This tool will help you decide if buying points is the best option for you.

4 – Gather your paperwork

Acquiring a loan requires lots of paperwork, so you should spend some time getting all your documentation together. Click here to get a list of normal loan documentation.