Getting your mortgage is just one aspect of a real estate transaction. Hanson Real Estate, Inc is seasoned at helping new and experienced in all areas of real estate. Contact me
if your needs include a real estate pro experienced at the business side of buying and selling.
Are you looking to finance a home in Escondido?
Feeling lots of anxiety over getting financing for a home purchase? You don't have to be.
I have close professional relationships with various mortgage lenders in the Escondido area, and they've helped me realize some things that will make the loan application process effortless.
1 – Assemble a list of questions regarding your loan program
If you find that you do not thoroughly realize the advantages and disadvantages of the different financing options, make sure you have a list of questions.
One of my lender contacts or I will be able to assist you with understanding the advantages and disadvantages of each one, because it's hard to know the distinctions between fixed and adjustable rate mortgages.
2 – Determine when you want to lock
Locking in signifies that your mortgage lender commits 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 application and issuance of closing documents. Buyers who decide 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 – Decide if you want to pay additional points to lower your rate
When you elect to pay additional points to lower the rate of your mortgage loan, you'll pay for them in cash at the time of closing. Every point is 1 percent of the mortgage loan.
To determine if you should buy points, click here to use my points calculator.
4 – Bring your paperwork
Obtaining a loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to get a feel for normal questions you'll have to answer on a loan app.