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Getting your mortgage is just one part of a home purchase. Saddleback Homes & Investments, Inc. is seasoned at assisting both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a professional REALTOR® experienced at the business side of real estate.
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Saddleback Homes & Investments, Inc. can help you apply for a loan.
Feeling lots of anxiety over applying for a mortgage? You don't have to be.
I have close professional relationships with a lot of lenders in Rancho Santa Margarita, and they've helped me learn some things that will make the loan application process very easy.
1 – Compose a list of questions about your loan program
If you do not fully realize the pros and cons of the various financing options, make sure you bring a list of questions with you.
I or one of my trusted lenders can assist you with understanding the advantages and disadvantages of both programs, because it is a challenge to know the differences between both fixed and adjustable rate mortgages.
2 – Determine when to lock
When you lock in the rate, it signifies that a mortgage lender keeps to the mortgage interest rates for the loan – typically at the time the loan application is received.
By floating the rate, you can lock the rate at any time between application and issuance of closing documents. Those who prefer to float presume the interest rates will drop 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
When you elect to pay additional points to lower the rate of your mortgage loan, you'll do so by paying for them in cash at the time of closing. Each point is 1 percent of the mortgage loan.
If you're undecided as to whether or not buying points is right for you, click here to use our points calculator.
4 – Gather your paperwork
Getting a mortgage loan requires a lot of paperwork, so you should spend some time getting all your documents together. Click here to preview general information that goes on a loan application.
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Saddleback Homes & Investments, Inc
22431 Antonio Pkwy., Ste. 160-444
Rancho Santa Margarita, CA 92688
Sandy's Cell: 949.677.5088 DRE License 01325999 sandy@saddlebackhomes.net
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