Enviable Weather: A tropical paradise with an average yearly temperature of 76°F/25°C & an average winter temperature of 66°F/19°C. Don’t forget the over 3,000 hours of sunshine each year.

Record Affordability: The local market offers record affordability, amenities and seller incentives; 50% more affordable in the last five years; favorable currency exchange offers greater discounts for foreign buyers.

Top Market for International Buyers: While Florida is the top state, Broward County is one of the top markets for international buyers.

Dynamic Business Center: Once known strictly as a tourism-based economy, Fort Lauderdale now supports a diverse range of industries, including marine, manufacturing, finance, insurance, real estate, high technology and avionics/aerospace. In fact, over 150 companies have corporate, division or regional headquarters in Broward County.

All Things Boating: Home to over 42,000 pleasure crafts, Broward County is also known as the “Yachting Capital of the World”.

Water Sports and Activities: Enjoy top-rated fishing, snorkeling, sailing, boating, kayaking, swimming, SCUBA diving and other water sports all year around.

Restaurants: With more than 4,000 restaurants ranging from intimate cafes to al fresco waterfront dining spots to quaint bistros, ethnic eateries and world-renowned steakhouses, your palette is your only limit.

World-Class Shopping: From the chic boutiques of Las Olas to South Florida’s largest flea market, the Swap Shop, and the new luxury Shops at Gulfstream Park to the world’s largest discount mall, Sawgrass Mills, your shopping options extend county wide.

Casinos and Gaming: Place a wager at one of the area casinos including Seminole Hard Rock Hotel & Casino, with its iconic guitar shape hotel, the Seminole Casino Coconut Creek, Gulfstream Park Racing & Casino and the Isle Casino & Racing.

Fabulous Nightlife: Las Olas, Beach Place, Riverwalk, the Hollywood Broadwalk and so much more – the selection of top restaurants, nightclubs, bars and hotspots is endless.

Lifestyle: There’s a lifestyle for everyone; museums, performing arts venues, art galleries, professional sports, amazing places to shop and limitless beaches.

Commercial & Investment Real Estate: Vacancy rates for all commercial sectors in Broward County are below the national average; retail and multi-family are outperforming most major markets in the U.S.

International Events: Don’t miss top international events including the Fort Lauderdale International Boat Show, the Fort Lauderdale International Film Festival, the Air & Sea Show and the Winterfest Boat Parade.

Cultural Diversity: Over 30% of Broward County’s 1.7 million residents are foreign born and speak over 100 distinct languages.

Hotels: Whether you want a luxury resort overlooking the Atlantic Ocean or a modest place to store your bags while you explore the city, you’ll find the perfect place to stay in Broward County.

World Travel Hub: One of the most active travel hubs in the nation with over 23 million airline passengers a year via 40 airlines with service to 60 U.S. and 40 international destinations.

Cruising the Waters: With over 3.7 passengers yearly, the new Allure and Oasis cruise ships are expected to help Fort Lauderdale surpass Miami as the world’s busiest cruise port, becoming the “Cruise Capital of the World”.

Educational Institutions: 6th largest U.S. public school district with over 280 public schools as well as numerous public and private colleges and universities.

A Top Place to Live & Work: Numerous cities in Broward County have repeatedly been ranked among the top places to live, work and play in the U.S.

It’s great to live, work & play in Broward – Ft. Lauderdale!

• FSBOs (For Sale By Owner) are more costly than homeowners realize — including lower sales prices and hidden fees.
• Selling a home is a complicated transaction — sellers and buyers alike can get burned with FSBOs.
• Time costs money — a FSBO costs the seller valuable time, and it takes longer to sell.

Real Estate Agents save you time, money, liability and downright hassle.

Frank, a smart and tech-savvy Denver homeowner, thought he’d skip the agent commission and sell his house himself.

Educating yourself is key, and there are a number of ways to avoid this heartache and disappointment when applying for a mortgage loan.

Getting Your Mortgage Loan Approved

Buying a house is already stressful, and being ill-prepared heightens the anxiety. Why put yourself through this? Learn how to think like a lender and educate yourself on the best ways to get your mortgage loan approved:

1. Know Your Credit Score

It literally takes a few minutes to pull your credit report and order your credit score. But surprisingly, some future home buyers never review their scores and credit history before submitting a home loan application, assuming that their scores are high enough to qualify. And many never consider the possibility of identity theft. However, a low credit score and credit fraud can stop a mortgage application dead in its tracks.

Credit scores and credit activity have a major impact on mortgage approvals. According to the Home Loan Learning Center, a large percentage of lenders require a minimum credit score of 680 (620 for FHA mortgage loans) – and if your score falls below 680, lenders can deny your request for a conventional mortgage loan.

In addition to higher credit score requirements, several missed payments, frequent lateness, and other derogatory credit information can stop mortgage approvals. Pay your bills on time, lower your debts, and stay on top of your credit report. Cleaning up your credit history beforehand and fixing errors on your credit report are key to keeping up a good credit score.

2. Save Your Cash

Requirements for getting a mortgage loan often change, and if you are considering applying for a home loan in the near future, be ready to cough up the cash. Walking into a lender’s office with zero cash is a quick way to get your home loan application rejected. Mortgage lenders are cautious: Whereas they once approved zero-down mortgage loans, they now require a down payment.

Down payment minimums vary and depend on various factors, such as the type of loan and the lender. Each lender establishes its own criteria for down payments, but on average, you’ll need at least a 3.5% down payment. Aim for a higher down payment if you have the means. A 20% down payment not only knocks down your mortgage balance, it also alleviates private mortgage insurance or PMI. Lenders attach this extra insurance to properties without 20% equity, and paying PMI increases the monthly mortgage payment. Get rid of PMI payments and you can enjoy lower, more affordable mortgage payments.

However, down payments aren’t the only expense you must worry about. Getting a mortgage also involves closing costs, home inspections, home appraisals, title searches, credit report fees, application fees, and other expenses. Closing costs are roughly 3% to 5% of the mortgage balance – paid to your lender before you can seal the deal.

3. Stay at Your Job

I know someone who quit working seven days before she and her husband were to close on their mortgage loan. I have no idea why, and unfortunately, it didn’t turn out well for them. They weren’t able to close on their new home and they lost out on a great deal.

Sticking with your employer while going through the home buying process is crucial. Any changes to your employment or income status can stop or greatly delay the mortgage process.

Lenders approve your home loan based on the information provided in your application. Taking a lower-paying job or quitting your job to become self-employed throws a wrench in the plans, and lenders must reevaluate your finances to see if you still qualify for the loan.

4. Pay Down Debt and Avoid New Debt

You don’t need a zero balance on your credit cards to qualify for a mortgage loan. However, the less you owe your creditors, the better. Your debts determine if you can get a mortgage, as well as how much you can acquire from a lender. Lenders evaluate your debt-to-income ratio before approving the mortgage. If you have a high debt ratio because you’re carrying a lot of credit card debt , the lender can turn down your request or offer a lower mortgage. This is because your entire monthly debt payments — including the mortgage – shouldn’t exceed 36% of your gross monthly income. However, paying down your consumer debt before completing an application lowers your debt-to-income ratio and can help you acquire a better mortgage rate.

But even if you’re approved for a mortgage with consumer debt, it’s important to avoid new debt while going through the mortgage process. Lenders re-check your credit before closing, and if your credit report reveals additional or new debts, this can stop the mortgage closing.

As a rule, avoid any major purchases until after you’ve closed on the mortgage loan. This can include financing a new car, purchasing home appliances with your credit card, or cosigning someone’s loan.

5. Get Pre-Approved for a Mortgage

Getting pre-approved for a mortgage loan before looking at houses is emotionally and financially responsible. On one hand, you know what you can spend before bidding on properties. And on the other hand, you avoid falling in love with a house that you can’t afford.

The pre-approval process is fairly simple: Contact a mortgage lender, submit your financial and personal information, and wait for a response. Pre-approvals include everything from how much you can afford, to the interest rate you’ll pay on the loan. The lender prints a pre-approval letter for your records, and funds are available as soon as a seller accepts your bid. Though it’s not always that simple, it can be.

6. Know What You Can Afford

I know from personal experience that lenders do pre-approve applicants for more than they can afford. After receiving a pre-approval letter from our lender, my husband and I wondered whether they had read the right tax returns. We appreciated the lender’s generosity, but ultimately decided on a home that fit comfortably within our budget.

Don’t let lenders dictate how much you should spend on a mortgage loan. Lenders determine pre-approval amounts based on your income and credit report, and they don’t factor in how much you spend on daycare, insurance, groceries, or fuel. Rather than purchase a more expensive house because the lender says you can, be smart and keep your housing expense within your means.

Final Word

If you don’t meet the qualifications for a mortgage loan, don’t get discouraged. Instead, let it be motivation to improve your credit and finances. Many people have risen above credit problems, bankruptcy, foreclosure, and repossession specifically in order to purchase their first house. Just be sure to implement a realistic plan and stick to it.

How long did it take you to realize your dream of home ownership? If you’re currently working toward this goal, what steps have you taken?

But you’d be totally bummed if you found a perfect pad, only to learn you don’t qualify for the home of your dreams.

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Streamlined Hunting With Pre-Approval

Most homeowners start out by browsing homes for sale online to get an idea of what neighborhoods and housing styles they like. If you don’t know what you can afford, you may be looking out of your price range and wasting your time. You may also be looking below what you would have qualified for and not getting the right home for you.

If you start off by getting a pre-approval, you can sort by price, identify the right neighborhoods, and find your dream home much faster.

Better Results From a Real Estate Agent

The bottom line is this: Real Estate Agents prefer to work with home buyers who have a pre-approval in hand for two reasons.

First, a Real Estate Agent knows the deal isn’t likely to fall through, and second, when they know what you want and what you can afford, Real Estate Agent are able to do a better job of finding your dream home.

For example, you told a Real Estate Agent you want a historic home, but the asking price for these homes varies widely. If they don’t know what you can afford, they can only do a general search across several price ranges and may miss hidden gems.

On the other hand, if you have pre-approval, a Real Estate Agent would know what exactly what to focus on and would be able to suggest different neighborhoods, sizes and conditions of homes to match your needs—making it easier to get you exactly what you want.

Higher Acceptance Rate for Buyers With Pre-Approval

Once you find the perfect home, the next step can go two different ways depending on a pre-approval.

If you’re not pre-approved and you find a home you want to make an offer on, you’re taking a gamble. Real Estate Agents and sellers are less willing to accept offers from a buyer without a pre-approval. Odds are, they’ll go on to the next offer—and you’ll miss out.

However, if you are pre-approved, you have more room to haggle. Sellers may be more willing to lower the asking price, include appliances or make other allowances to work with a pre-approved buyer.

Less Stress With Pre-Approval

Finally, skipping this step can wreak havoc on your stress level.

If you aren’t pre-approved, you’ll spend longer looking for homes. You may not feel like you’re getting great service from a Real Estate Agent. You may get turned down once you’re ready to make an offer.

All of this adds more time and stress to what should be a very exciting time in your life.

On the other hand, if you’re pre-approved, you have less to worry about: you know you’re a qualified buyer, you know there are lenders willing to work with you, and you can feel pretty confident when you make an offer.

Angela Colley writes about real estate and all things renting and moving for realtor.com. Her work has appeared in outlets including TheStreet, MSN, and Yahoo.