
	Securing financing is just one part of a home purchase. Pioneer Properties & Investments, LLC is experienced at aiding both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a professional REALTOR^® ready for the business side of buying and selling.

Applying for a loan with the help of Pioneer Properties & Investments, LLC

For most people, securing a mortgage loan is one of the most troublesome elements of buying a home. But it doesn't have to be. I have excellent relationships with several mortgage lenders in the Ocala area, and they've helped me recognize a few things that will make the loan application process very easy.

1 – Compile a list of questions regarding your loan program

Be sure you bring a list of questions with you if you find that you don't totally grasp the ins and outs of all the different programs. I or one of my lender contacts will be able to assist you in understanding the advantages and disadvantages of each one, because it is hard to understand the characteristics of fixed and adjustable rate mortgages.

2 – Decide when you want to lock

By locking in an interest rate, a lender is guaranteeing the mortgage interest rates for the loan – normally 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 the loan and issuance of closing documents. Those who choose to float believe that the 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

Generally you can decide to pay additional points to lower the interest rate of your loan. Every point is 1 percent of the loan and is payable in cash at the time of closing. Click here to use our points calculator. This tool will help you determine if buying points is the best option for you.

4 – Gather your paperwork

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