
	Securing financing is just one part of getting into a new home. Charles Rutenberg Realty, LLC is seasoned at helping new and experienced in all areas of real estate. Contact us if your needs include a real estate pro experienced at the business side of buying and selling.

Applying for your new home loan in Fort lauderdale

Stressed out about applying for a mortgage? You don't have to be. I have close working relationships with a lot of lenders in Fort lauderdale, and they've helped me understand some things that will make the process of applying for a loan very manageable.

1 – Compile a list of questions regarding your loan program

If you do not entirely understand the advantages and disadvantages of the various loan programs, be sure to bring a list of questions. I or one of my trusted lenders will be able to assist you in understanding the advantages and disadvantages of both programs, because it can be a challenge to know the characteristics of fixed and adjustable rate mortgages.

2 – Determine when you want to lock

Locking in the interest rate signifies that your mortgage lender keeps to the interest rates for the loan – typically at the time the loan application is received. By floating the rate, you can lock the rate anytime between application and at the time of closing. Those who opt to float believe interest rates will fall 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 reduce your rate

Oftentimes you can choose to pay additional points to lower the rate of your loan. Every point is 1 percent of the loan and is payable in cash at the time of closing. Click here to use our points calculator. It will help you determine if buying points is right for you.

4 – Bring your paperwork

Getting a mortgage loan requires a lot of paperwork, so you should take some time to get all your documentation together. Click here to get a feel for typical questions you'll have to answer on a loan app.