Let Unicasa International USA Realty help you finance a new home.

Applying for the loan can be one of the most demanding elements of purchasing a home, but it doesn't have to be. Having connections to some lenders in Davie has helped me realize a few things that will make the process of applying for a loan pretty simple.

1 – Compose a list of questions about your loan program

If you don't fully comprehend the pros and cons of the different loan programs, be sure to bring a list of questions. I or one of my lender contacts can assist you with understanding the advantages and disadvantages of each one, because it can be hard to know the differences between fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in the rate, it indicates that your lender commits to the interest rates for the loan – ordinarily at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between the loan application day and issuance of closing documents. Those 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 – Determine if you want to pay additional points to decrease your interest rate

If you decide to pay additional points to lower the interest rate of your loan, you'll do so by paying for them in cash at the time of closing. Every point is 1 percent of the mortgage loan. To determine if you should buy points, click here to use our points calculator.

4 – Bring your paperwork

Obtaining a loan requires lots of paperwork, so you should spend some time getting all your documentation together. Click here for a list of typical loan documentation.