Applying for financing can be one of the most troublesome aspects of purchasing a house. But it doesn't have to be. We have excellent relationships with many mortgage lenders in the Mission Viejo area, and they've helped us realize a few things that make the process of applying for a loan easy.
If you do not completely comprehend the pros and cons of all the various loan programs, be sure to have a list of questions. It can be a challenge understanding the distinctions between fixed and adjustable rate mortgages. One of our lenders or associates will be able to assist you with understanding the advantages and disadvantages of each one.
By locking in an interest rate, your mortgage lender is keeping to the interest rates for the loan – most often at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the day you apply for your loan and closing. Those who decide to float believe interest rates will plunge in the near future. Click here to see the outlook for the next 90 days of interest rates.
Getting a mortgage loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to get a feel for typical information that goes on a loan application.
Getting your mortgage is just one aspect of getting into a new home. The Alden Team is experienced at aiding both new and experienced buyers alike in all areas of real estate. Call us today at 949-466-2933 if your needs include a professional REALTOR® experienced at the business side of real estate.
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