Getting your loan locked down is just one part of a real estate transaction. Wendy Carugno & Kathy Puschmann is experienced at helping new and experienced in all areas of real estate. Contact us if your needs include a professional REALTOR® ready for the business side of buying and selling.


Are you looking to finance a home in Orlando? Wendy Carugno & Kathy Puschmann can help.

When purchasing a home, applying for the loan is troublesome for most people, but it doesn't have to be. Having connections with many lending companies in the Orlando area has helped me realize some things that can make the loan application process a snap.

1 – Compile a list of questions regarding your loan program

If you find that you do not fully realize the pros and cons of the different loan programs, be sure you have a list of questions with you. It can be hard to know the distinctions between both fixed and adjustable rate mortgages. I or one of my trusted lenders can help you understand the advantages and disadvantages of each.

2 – Determine when to lock

By locking in a 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 anytime between application and the issuing of closing documents. Buyers who decide to float presume that interest rates will dip 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 rate

Generally you can opt to pay additional points to lower the rate of your mortgage loan. Each point is 1 percent of the mortgage loan and is payable in cash at the time of closing. Click here to use our points calculator. This tool will assist you in deciding if purchasing points is the best option for you.

4 – Gather your paperwork

Acquiring a mortgage loan requires lots of paperwork, so you should spend some time getting all your documentation together. Click here to preview normal questions you'll have to answer on a loan app.

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