Applying for your loan in Davie with help from Unicasa International USA Realty

When purchasing a home, applying for financing is stressful for a lot of people, but it doesn't have to be. I have a close relationship with various lenders in Davie, and they've helped me learn some things that make the process of applying for a loan very easy.

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

Be sure you have a list of questions with you if you do not thoroughly understand the ins and outs of the different programs. At times, it can be a challenge to understand the characteristics of both fixed and adjustable rate mortgages. I or one of my trusted lenders will assist you in understanding the advantages and disadvantages of both.

2 – Determine when you want to lock

When you lock in a rate, a lender is guaranteed to commit to the mortgage interest rates for the loan – most often at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between the day you apply for the loan and the issuing of closing documents. Buyers who opt to float think that the interest rates will dip 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 lower your rate

Usually you can elect to pay additional points to lower the interest 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. It will assist you with determining if purchasing points is right for you.

4 – Gather 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 list of normal loan documentation.

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