Are you thinking of financing your home in Fort Lauderdale?

For most people, applying for the mortgage loan can be one of the more troublesome parts of purchasing a home, but it doesn't have to be. I have a close relationship with several lending companies in Fort Lauderdale, and they've helped me learn some things that make the process of applying for a loan very easy.

1 – Compile a list of questions about your loan program

Be sure to bring a list of questions with you if you find that you do not fully understand the ins and outs of the various loan programs. At times, it can be a challenge understanding the differences between both fixed and adjustable rate mortgages. I or one of my trusted lenders can assist you with understanding the advantages and disadvantages of each one.

2 – Determine when to lock

When you lock in a rate, it denotes that your lender holds to the interest rates for the loan – most often at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between the loan application day and at the time of closing. Buyers who elect to float think that the interest rates will plunge 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 decrease your rate

When you decide to pay additional points to lower the rate of your mortgage loan, you will pay for them in cash at closing. Each point is 1 percent of the loan. Click here to use our points calculator. This tool will assist you in deciding if purchasing points is the best option for you.

4 – Compile your paperwork

Obtaining a loan requires lots of paperwork, so you should spend some time getting your documentation together. Click here to get a list of common loan documentation.


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Atlantic Properties International

Marshall Minotto Network

3432 N Ocean Blvd
Fort Lauderdale, FL 33308