
	Getting your loan locked down is just one part of a real estate transaction. StarLight Realty, Inc. is experienced at aiding new and experienced in all areas of real estate. Contact us if your needs include a professional REALTOR^® experienced at the business side of buying and selling.

Thinking of financing a new home in Lutz?

Feeling lots of anxiety over getting financing for a home purchase? You don't have to be. Having connections with a lot of mortgage lenders in the Lutz area has helped me recognize some things that make the process of applying for a loan a breeze.

1 – Create a list of questions regarding your loan program

Be sure to have a list of questions with you if you find that you don't fully comprehend the advantages and disadvantages of the various loan programs. Oftentimes, it can be a challenge understanding the characteristics of both fixed and adjustable rate mortgages. I or one of my lenders will assist you in understanding the advantages and disadvantages of each.

2 – Decide when to lock

When you lock in a rate, a mortgage lender is guaranteed to hold to the mortgage interest rates for the loan – often at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the day you apply for your loan and closing. Those who decide to float conclude the 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 reduce your rate

Generally you can choose to pay additional points to lower the interest rate of your loan. Each point is 1 percent of the loan and is payable in cash at closing. Click here to use our points calculator. This tool will assist you with deciding if purchasing points is right for you.

4 – Gather your paperwork

Getting a loan requires lots of paperwork, so you should spend some time getting your documents together. Click here to get a feel for general information that goes on a loan application.

StarLight Realty, Inc. 3630 Little Road Lutz, FL 33548

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