
	Getting your mortgage is just one aspect of getting into a new home. REMAX UNIVERSAL REAL ESTATE is experienced at assisting new and experienced in all areas of real estate. Call us today at 718-445-1212 if your needs include a real estate pro ready for the business side of real estate.

Are you financing your new home in QUEENS? REMAX UNIVERSAL REAL ESTATE can help.

Securing the loan is one of the most demanding parts of purchasing a home. But it doesn't have to be. Having connections to some mortgage lenders in the Bayside area has helped me learn a lot of the things that can make the process of applying for a loan a snap.

1 – Make a list of questions about your loan program

Be sure you bring a list of questions with you if you find that you don't completely grasp the advantages and disadvantages of the different programs. I or one of my trusted lenders can assist you with understanding the advantages and disadvantages of each program, because it's hard to understand the differences between both fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in the rate, it indicates that the mortgage lender commits to the interest rates for the loan – usually at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between the day of your loan application and at the time of closing. Buyers who prefer to float think interest rates will fall 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 lower your rate

When you choose to pay additional points to lower the rate of your loan, you'll pay for them in cash at closing. Each point is 1 percent of the mortgage loan. Click here to use our points calculator. It will assist you in deciding if buying points is the best option for you.

4 – Bring your paperwork

Obtaining a mortgage loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to get a feel for typical questions you'll have to answer on a loan app.