Unicasa International USA Realty can assist you in financing a new home.

For a lot of people, applying for the loan can be one of the most demanding parts of purchasing a home, but it doesn't have to be. Being close to various lending companies in the Davie area has helped me realize a few things that make the loan application process very easy.

1 – Make a list of questions regarding your loan program

If you don't fully comprehend the advantages and disadvantages of the different programs, be sure you bring a list of questions with you. It is often a challenge understanding the differences between both fixed and adjustable rate mortgages. I or one of my trusted lenders can help you understand the advantages and disadvantages of both.

2 – Decide when to lock

Locking in a rate means that a mortgage lender commits to the 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 day you apply for your loan and closing. Buyers who opt to float presume that 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

Typically you can elect to pay additional points to lower the interest rate of your mortgage loan. Each point is 1 percent of the loan and is payable in cash at closing. To determine if buying points is right for you, click here to use our points calculator.

4 – Compile your paperwork

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

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