Let Unicasa International USA Realty assist you with applying for a new home loan in Davie.

When buying a home, applying for financing is a stressful event for many people, but it doesn't have to be. Having connections to many lending companies in the Davie area has helped me learn a few things that will make the process of applying for a loan easy.

1 – Compile a list of questions regarding your loan program

Be sure to bring a list of questions if you do not thoroughly comprehend the pros and cons of the various loan programs. I or one of my lender contacts will assist you with understanding the advantages and disadvantages of each one, because it's hard to know the differences between fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in an interest rate, a lender is sure to keep 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 the loan application day and issuance of closing documents. Those who prefer to float think the interest rates will decline in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Determine if you want to pay additional points to reduce your rate

Generally you can choose 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. Click here to use our points calculator. This tool will assist you with determining if buying points is the best option for you.

4 – Bring your paperwork

Getting a mortgage loan requires a lot of paperwork, so you should spend some time getting all your documentation together. Click here to get a list of general loan documentation.