Securing financing is just one part of a home purchase. BrokerInTrust Real Estate is seasoned at aiding new and experienced in all areas of real estate. Call me today at (626)461-7066 if your needs include a professional REALTOR® ready for the business side of buying and selling.

Do you want to finance a home? BrokerInTrust Real Estate can help.

When purchasing a home, the mortgage loan application is exasperating for most people, but it doesn't have to be. I have close working relationships with many mortgage lenders in San Gabriel Valley, and they've helped me recognize a few things that can make the loan application process a breeze.

1 – Make a list of questions about your loan program

Make sure to have a list of questions with you if you do not fully understand the pros and cons of all the different programs. It is often a challenge to know the characteristics of fixed and adjustable rate mortgages. One of my lenders or I will assist you with understanding the advantages and disadvantages of each.

2 – Decide when to lock

Locking in the rate signifies that the mortgage lender holds to the interest rates for the loan – typically at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between the day of your loan application and issuance of closing documents. Buyers who choose to float presume that interest rates will dip 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 lower your interest rate

If you choose to pay additional points to lower the interest rate of your mortgage loan, you will do so by paying for them in cash at closing. Each point is 1 percent of the mortgage loan. Click here to use my points calculator. It will assist you with deciding if purchasing points is the best option for you.

4 – Compile your paperwork

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