I recommend USA Mortgage, Michael Belsham, phone number 941-227-4166.  Visit my home page and use the mortgage calculator to estimate what your payment will be.

There are always options for Buyers, so make a list and decide what works for you.  Is this your primary home, a second home, or investment property?  That criteria makes a difference.  Federal banking laws are stringent and there are severe penalties for Buyers who misrepresent how the property will be used.  

2. Decide when you want to lock

When you lock in an interest rate, a mortgage lender is required to hold the interest rate quoted for the loan ? most often at the time the loan application is received.   If you "float" the rate, you can lock anytime between the loan application day and the issuing of closing documents. Buyers who choose to float presume the 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 or lock.

If you pay additional points to lower the rate of your loan, you will do so using your own cash at closing.  One discount point is one percent of your mortgage loan. Click here to use my points calculator and decide if buying points makes sense for you.

4. Bring your paperwork

It takes time to gather your documents for your lender.  Click here so you will be prepared with the information you will likely need.