Securing financing is just one aspect of getting into a new home. Winzone Realty Inc is seasoned at helping both new and experienced buyers alike in all areas of real estate. Call us today at 718-886-3200 if your needs include a real estate pro experienced at the business side of real estate.


Are you financing your new home?

Feeling lots of anxiety over applying for a mortgage? You don't have to be. I've got great connections to a lot of lenders in the Flushing area, and they've helped me understand a few things that make the loan application process a snap.

1 – Make a list of questions about your loan program

Make sure to bring a list of questions with you if you don't perfectly grasp the advantages and disadvantages of the various programs. I or one of my lender contacts can assist you in understanding the advantages and disadvantages of both programs, because it is hard to know the differences between fixed and adjustable rate mortgages.

2 – Decide when to lock

When you lock in the interest rate, it means that your mortgage lender guarantees the mortgage interest rates for the loan – commonly at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between the day you apply for your loan and the issuing of closing documents. Buyers who choose to float think that interest rates will dip 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 interest rate

When you choose to pay additional points to lower the rate of your mortgage 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 help you determine if purchasing points is right for you.

4 – Compile your paperwork

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