Getting your loan locked down is just one part of getting into a new home. The Great Atlantic Mortgage & Financial Services is seasoned at assisting 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 real estate.


Applying for your new home loan in Staten Island

Feeling lots of anxiety over applying for a mortgage? You don't have to be. I have close professional relationships with several mortgage lenders in the Staten Island area, and they've helped me realize a few things that will make the loan application process effortless.

1 – Make a list of questions about your loan program

Be sure to have a list of questions with you if you don't entirely comprehend the advantages and disadvantages of the various loan programs. I or one of my lender contacts will be able to help you understand the advantages and disadvantages of each program, because it is a challenge to know the characteristics of both fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in an interest rate, your mortgage lender is guaranteed to keep to the mortgage interest rates for the loan – ordinarily at the time the loan application is received. By floating the rate, you can lock the rate anytime between application and the issuing of closing documents. Buyers who opt to float believe the interest rates will decline 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 reduce your rate

When you decide to pay additional points to lower the rate of your mortgage loan, you'll do so by paying for them in cash at closing. Each point is 1 percent of the mortgage loan. To decide if purchasing points is right for you, click here to use our points calculator.

4 – Compile your paperwork

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

Great Atlantic Mortgage and Financial Services, LLC is a New York State Registered Mortgage Broker. 

All Loans Funded through Third Party Providers.


The Great Atlantic Mortgage & Financial Services 1911 Richmond Ave Staten Island, NY 10314-3913
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