Getting your mortgage is just one part of a home purchase. All Prime Realty is experienced at helping new and experienced in all areas of real estate. Call us today at (561) 939-6301 if your needs include a real estate pro experienced at the business side of buying and selling.


Applying for your new home loan in Plantation

For many people, applying for a loan is one of the more demanding parts of buying a home. But it doesn't have to be. Being connected with several lenders in the Plantation area has helped me recognize a lot of the things that make the loan application process easy.

1 – Create a list of questions regarding your loan program

If you do not completely comprehend the ins and outs of all the various financing options, be sure to bring a list of questions with you. I or one of my lender contacts will be able to assist you in understanding the advantages and disadvantages of each program, because it is a challenge to understand the differences between fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in the rate, the lender is guaranteed to commit to the mortgage interest rates for the loan – usually at the time the loan application is presented. By floating the rate, you can lock the rate anytime between application and the issuing of closing documents. Those who choose to float believe that the interest rates will fall 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 interest rate

Normally you can elect to pay additional points to lower the rate of your mortgage loan. Each point is 1 percent of the loan and is payable in cash at the time of closing. If you're unsure if purchasing points is the best option for you, click here to use our points calculator.

4 – Bring your paperwork

Acquiring a loan requires a lot of paperwork, so you should take some time to get your documentation together. Click here to see common questions you'll have to answer on a loan app.

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