Securing financing is just one part of getting into a new home. K Land Realty Inc. is experienced at helping both new and experienced buyers alike in all areas of real estate. Call me today at 347-751-5288 if your needs include a real estate pro ready for the business side of buying and selling.

Are you looking to finance your home?

For most people, applying for the loan is one of the more demanding elements of buying a house. But it doesn't have to be. Having connections with several mortgage lenders in Flushing has helped me understand some things that will make the loan application process very easy.

1 – Create a list of questions regarding your loan program

If you find that you do not thoroughly realize the ins and outs of all the various programs, be sure to have a list of questions. One of my lenders or I will assist you with understanding the advantages and disadvantages of both programs, because it can be hard to know the distinctions between both fixed and adjustable rate mortgages.

2 – Determine when to lock

Locking in an interest rate designates that your mortgage lender keeps to the interest rates for the loan – ordinarily 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 your loan and issuance of closing documents. Buyers who choose to float believe interest rates will plunge 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 decrease your interest rate

Normally you can choose to pay additional points to lower the rate of your mortgage loan. Each point is 1 percent of the loan and is payable in cash at closing. Click here to use my points calculator. It will assist you with deciding if purchasing points is right for you.

4 – Compile your paperwork

Acquiring a mortgage loan requires a lot of paperwork, so you should take some time to get all your documentation together. Click here to see general questions you'll have to answer on a loan app.

135-27 Roosevelt Ave, 2nd FL
Flushing, NY 11354