Securing financing is just one part of getting into a new home. Prudential Florida Realty is seasoned at aiding new and experienced in all areas of real estate. Call us today at 772-919-5338 if your needs include a real estate pro ready for the business side of real estate.


Let Prudential Florida Realty assist you in applying for a new home loan in Palm Beach Gardens.

For a lot of people, securing a mortgage loan can be one of the most troublesome aspects of buying a home. But it doesn't have to be. I have close relationships with some reputable lending companies in the Palm Beach Gardens area, and they've helped me recognize a few things that will make the process of applying for a loan pretty simple.

1 – Create a list of questions regarding your loan program

Be sure to have a list of questions with you if you do not perfectly understand the pros and cons of all the different loan programs. Oftentimes, it can be a challenge to know the characteristics of fixed and adjustable rate mortgages. I or one of my lender contacts will help you understand the advantages and disadvantages of each one.

2 – Decide when to lock

When you lock in the rate, the mortgage lender is guaranteed to commit to the interest rates for the loan – most often at the time the loan application is presented. By floating the rate, you can lock the rate at any time between the loan application day and issuance of closing documents. Buyers who elect to float presume that interest rates will drop in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Determine if you want to pay additional points to decrease your interest rate

When you choose to pay additional points to lower the rate of your loan, you'll do so by paying for them in cash at closing. Every point is 1 percent of the loan. If you're undecided on whether or not buying points is right for you, click here to use our points calculator.

4 – Bring your paperwork

Getting a loan requires lots of paperwork, so you should take some time to get your documentation together. Click here to see common information that goes on a loan application.


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