Applying For A Loan

Securing financing is just one aspect of a home purchase. G World Properties is experienced at helping both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of buying and selling.

Do you want to finance a new home in Orlando? G World Properties can help.

For a lot of people, securing the loan can be one of the most demanding elements of buying a home. But it doesn't have to be. I have close business relationships with many lenders in the Orlando area, and they've helped me learn some things that will make the process of applying for a loan much easier.

1 – Compile a list of questions about your loan program

If you find that you don't totally realize the advantages and disadvantages of all the various financing options, make sure you bring a list of questions with you. Oftentimes, it can be a challenge to know the differences between both fixed and adjustable rate mortgages. I or one of my lender contacts can assist you in understanding the advantages and disadvantages of each one.

2 – Determine when you want to lock

By locking in an interest rate, a lender is keeping to the mortgage 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 application and closing. Those who prefer to float think 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 lower your rate

If you decide to pay additional points to lower the interest rate of your mortgage loan, you will pay for them in cash at the time of closing. Each point is 1 percent of the mortgage loan. Click here to use our points calculator. It will help you determine if purchasing points is the best option for you.

4 – Bring your paperwork

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