Securing financing is just one aspect of a real estate transaction. Marshall Minotto is experienced at aiding both new and experienced buyers alike in all areas of real estate. Call us today at 954-881-1753 if your needs include a real estate pro experienced at the business side of real estate.
Are you thinking of financing your new home? Marshall Minotto can help.
Feeling lots of anxiety over getting financing for a home purchase? You don't have to be.
Being close to several lending companies in the Fort Lauderdale area has helped us recognize some things that will make the process of applying for a loan very easy. We have several lenders in the area that can help you.
1 – Assemble a list of questions about your loan program
If you don't completely understand the advantages and disadvantages of the different programs, make sure to have a list of questions.
Oftentimes, it can be a challenge to know the characteristics of both fixed and adjustable rate mortgages. One of our lenders or associates will assist you in understanding the advantages and disadvantages of both programs.
2 – Determine when to lock
Locking in an interest rate denotes that your lender commits to the 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 anytime between the day of your loan application and the issuing of closing documents. Those who prefer to float think interest rates will plunge in the near future. Click here to see the outlook for the next 90 days of interest rates.
3 – Gather your paperwork
Getting a mortgage loan requires a lot of paperwork, so you should take some time to get your documentation together. Click here to see typical questions you'll have to answer on a loan app.