
	Securing financing is just one aspect of a home purchase. Oak Realty & Financial Services (DRE#01210461) is seasoned at aiding new and experienced in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of real estate.

Applying for a home loan with the help of Oak Realty & Financial Services (DRE#01210461)

For a lot of people, securing the loan is one of the more stressful elements of buying a house. But it doesn't have to be. I have close business relationships with some reputable mortgage lenders in Valley Center, and they've helped me recognize some things that will make the process of applying for a loan a breeze.

1 – Compile a list of questions about your loan program

If you do not perfectly understand the advantages and disadvantages of the various loan programs, make sure you bring a list of questions. Oftentimes, it can be a challenge understanding the characteristics of fixed and adjustable rate mortgages. I or one of my lenders will assist you with understanding the advantages and disadvantages of each program.

2 – Determine when to lock

When you lock in the rate, it designates that your lender holds to the mortgage interest rates for the loan – typically at the time the loan application is presented. By floating the rate, you can lock the rate anytime between the day you apply for your loan and closing. Buyers who opt to float conclude that interest rates will fall 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 reduce your rate

When you decide to pay additional points to lower the interest rate of your loan, you will pay for them in cash at closing. Every point is 1 percent of the mortgage loan. Click here to use our points calculator. This tool will assist you in determining if buying points is right for you.

4 – Gather your paperwork

Getting a loan requires a lot of paperwork, so you should spend some time getting all your documentation together. Click here to see typical questions you'll have to answer on a loan app.

Oak Realty & Financial Services (DRE#01210461) 27554 Valley Center Rd Valley Center, CA 92082

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