Do you want to finance a home in San Diego?
Applying for the mortgage loan is one of the more troublesome aspects of purchasing a home. But it doesn't have to be.
We have close relationships with several lending companies in San Diego, and they've helped us recognize some things that can make the process of applying for a loan very easy.
1 – Make a list of questions about your loan program
Make sure you have a list of questions with you if you find that you don't fully understand the ins and outs of all the different programs.
It is often hard to understand the distinctions between fixed and adjustable rate mortgages. One of our trusted lenders or associates will assist you with understanding the advantages and disadvantages of each program.
2 – Decide when you want to lock
When you lock in the interest rate, it denotes that a lender holds to the interest rates for the loan – often at the time the loan application is received.
By floating the rate, you can lock the rate anytime between the day you apply for the loan and issuance of closing documents. Buyers who opt to float conclude interest rates will decline 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 lots of paperwork, so you should spend some time getting your documentation together. Click here to get a feel for common information that goes on a loan application.
Have More Questions?
Getting your mortgage is just one aspect of a home purchase. Rancho Buena Vista Real Estate is seasoned at helping new and experienced in all areas of real estate. Call us today at 619-624-2052 if your needs include a professional REALTOR® experienced at the business side of real estate.