Getting your loan locked down is just one part of getting into a new home. FEDEN Unlimited Realty is seasoned at assisting new and experienced in all areas of real estate. Contact me if your needs include a real estate pro ready for the business side of real estate.


Are you going to finance your new home in Port St Lucie? FEDEN Unlimited Realty can help.

When purchasing a home, the loan application is very exasperating for most people, but it doesn't have to be. I've got great connections to various lending companies in the Port St Lucie area, and they've helped me understand a few things that make the process of applying for a loan a breeze.

1 – Compile a list of questions regarding your loan program

If you find that you do not thoroughly understand the pros and cons of all the various financing options, make sure you have a list of questions with you. One of my lender contacts or I can assist you with understanding the advantages and disadvantages of each program, because it's hard to know the distinctions between both fixed and adjustable rate mortgages.

2 – Determine when you want to lock

By locking in the interest rate, the mortgage lender is committing to the mortgage interest rates for the loan – usually at the time the loan application is received. By floating the rate, you can lock the rate anytime between application and at the time of closing. Those who elect to float conclude that interest rates will fall 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

Typically you can opt 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 the time of closing. Click here to use my points calculator. It will help you decide if purchasing points is the best option for you.

4 – Bring your paperwork

Obtaining a mortgage loan requires lots of paperwork, so you should take some time to get your documentation together. Click here to get a feel for general information that goes on a loan application.