Securing financing is just one aspect of getting into a new home. Porto Real Estate Group 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.

Are you going to finance your home? Porto Real Estate Group can help.

Stressed out about applying for a mortgage? You don't have to be. Being close with many lending companies has helped us learn some things that make the loan application process uncomplicated.

1 – Create a list of questions regarding your loan program

If you don't perfectly realize the ins and outs of the different loan programs, be sure to bring a list of questions. It can be a challenge to know the differences between fixed and adjustable rate mortgages. One of our trusted lenders or associates will assist you with understanding the advantages and disadvantages of each one.

2 – Decide when you want to lock

Locking in the interest rate designates that the mortgage lender holds to the interest rates for the loan – generally 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 the loan and closing. Those who choose to float presume the 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 lower your rate

Generally you can elect to pay additional points to lower the rate of your loan. Each point is 1 percent of the loan and is payable in cash at the time of closing. Click here to use our points calculator. It will help you decide 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 all your documents together. Click here to preview normal questions you'll have to answer on a loan app.