Do you wish to finance your new home? Unicasa International USA Realty can help.

For a lot of people, applying for a loan can be one of the most troublesome aspects of purchasing a house, but it doesn't have to be. Having connections with many lenders in Davie has helped me realize a few things that will make the process of applying for a loan effortless.

1 – Organize a list of questions regarding your loan program

If you find that you don't totally realize the advantages and disadvantages of the different loan programs, be sure to have a list of questions. I or one of my lenders will help you understand the advantages and disadvantages of each one, because it's a challenge to understand the differences between fixed and adjustable rate mortgages.

2 – Determine when you want to lock

Locking in a rate signifies that the mortgage lender guarantees the mortgage interest rates for the loan – usually at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between the day you apply for your loan and at the time of closing. Buyers who decide to float presume interest rates will drop 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 interest rate

When you opt to pay additional points to lower the rate of your loan, you will pay for them in cash at the time of closing. Each point is 1 percent of the mortgage loan. Click here to use our points calculator. It will help you determine if buying points is the best option for you.

4 – Gather your paperwork

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

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