Getting your mortgage is just one aspect of a real estate transaction. Unicasa International USA Realty is seasoned at aiding new and experienced in all areas of real estate. Call me today at (954) 598-0700 if your needs include a professional REALTOR® ready for the business side of buying and selling.
Looking to finance your new home in Davie?
Securing the mortgage loan can be one of the more distressing aspects of buying a house. But it doesn't have to be.
I have close relationships with some reputable lenders in the Davie area, and they've helped me realize a few things that will make the process of applying for a loan very easy.
1 – Compose a list of questions about your loan program
If you find that you don't fully realize the ins and outs of the different programs, be sure you have a list of questions with you.
At times, it can be a challenge understanding the distinctions between fixed and adjustable rate mortgages. One of my lender contacts or I can help you understand the advantages and disadvantages of both.
2 – Determine when you want to lock
When you lock in the rate, it means that your mortgage lender guarantees the interest rates for the loan – most often at the time the loan application is received.
By floating the rate, you can lock the rate anytime between the day you apply for the loan and closing. Buyers who decide to float think that 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 decrease your rate
Normally you can decide to pay additional points to lower the rate of your loan. Every point is 1 percent of the loan and is payable in cash at closing.
To decide if you should purchase points, click here to use my points calculator.
4 – Compile your paperwork
Obtaining a loan requires a lot of paperwork, so you should spend some time getting your documentation together. Click here to see general questions you'll have to answer on a loan app.
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