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Securing financing is just one part of a home purchase. Jeff Hillenbrand is seasoned at helping new and experienced in all areas of real estate. Call us today at 954-821-4492 if your needs include a real estate pro experienced at the business side of buying and selling. |
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Let Jeff Hillenbrand help you finance a home in Parkland, Coral Springs or surrounding areas.When purchasing a home, applying for the mortgage loan is very distressing for most people, but it doesn't have to be. I have excellent relationships with several lenders in the Coral Springs/Parkland area, and they've helped me understand a few things that can make the process of applying for a loan very easy.
1 – Put together a list of questions regarding your loan programIf you find that you don't perfectly understand the ins and outs of all the different programs, make sure you have a list of questions with you. I or one of my lender contacts will be able to assist you in understanding 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 to lockLocking in a rate denotes that a mortgage lender holds to the mortgage interest rates for the loan – usually at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between the loan application day and at the time of closing. Those who elect to float conclude that interest rates will decline 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 reduce your rateIf you opt to pay additional points to lower the rate of your loan, you will do so by paying for them in cash at closing. Every point is 1 percent of the loan. Click here to use our points calculator. It will help you decide if purchasing points is the best option for you.
4 – Gather your paperworkGetting a mortgage loan requires a lot of paperwork, so you should spend some time getting your documentation together. Click here to get a feel for general questions you'll have to answer on a loan app. |
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Today's Rates:
| 30-yr Fixed | 3.87% | 4% | | 15-yr Fixed | 3.14% | 3.31% | | 1-yr Adj | 2.76% | 3.42% |
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