Getting your mortgage is just one part of a home purchase. Pioneer Realty & Investments is seasoned at helping both new and experienced buyers alike in all areas of real estate. Call me today at (562) 618-1400 if your needs include a real estate pro ready for the business side of real estate.

Applying for your new home loan in Artesia with the help of Pioneer Realty & Investments

When purchasing a home, the mortgage loan application is exasperating for many people, but it doesn't have to be. Having connections with several mortgage lenders in the Artesia area has helped me understand a few things that will make the loan application process much easier.

1 – Assemble a list of questions about your loan program

Make sure you bring a list of questions with you if you don't thoroughly understand the ins and outs of all the various loan programs. One of my trusted lenders or I can assist you with understanding the advantages and disadvantages of both programs, because it is hard to know the characteristics of both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in the rate, it denotes that your mortgage lender guarantees the interest rates for the loan – commonly at the time the loan application is presented. 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 believe that 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 decrease your rate

Oftentimes you can opt to pay additional points to lower the interest rate of your mortgage loan. Each point is 1 percent of the loan and is payable in cash at the time of closing. If you're uncertain if buying points is the best option for you, click here to use my points calculator.

4 – Gather your paperwork

Acquiring a mortgage 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.

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