Getting your loan locked down is just one part of getting into a new home. Unicasa International USA Realty is experienced at aiding new and experienced in all areas of real estate. Call us today at (954) 598-0700 if your needs include a professional REALTOR^® ready for the business side of real estate.

1 – Put together a list of questions regarding your loan program

Be sure you bring a list of questions with you if you don't thoroughly grasp the ins and outs of the various loan programs. One of our lender contacts or staff will help you understand the advantages and disadvantages of each program, because it is hard to know the characteristics of both fixed and adjustable rate mortgages.

2 – Determine when you want to lock

Locking in a rate designates that the mortgage lender commits to the mortgage interest rates for the loan – often at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day of your loan application and issuance of closing documents. Those who opt to float presume interest rates will fall 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 interest rate

If you decide to pay additional points to lower the interest rate of your mortgage loan, you'll do so by paying for them in cash at closing. Every point is 1 percent of the loan. Click here to use our points calculator. It will help you determine if purchasing points is right for you.

4 – Compile your paperwork

Getting a loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to get a feel for typical questions you'll have to answer on a loan app.