Securing financing is just one aspect of getting into a new home. Hale Realty is seasoned at assisting new and experienced in all areas of real estate. Call me today at 559-960-3493 if your needs include a real estate pro experienced at the business side of real estate.

Do you want to finance your new home in Fresno? Hale Realty can help.

When purchasing a home, the loan application is very distressing for most people, but it doesn't have to be. I have excellent relationships with various mortgage lenders in the Fresno area, and they've helped me learn some things that make the loan application process easy.

1 – Make a list of questions about your loan program

If you do not totally realize the ins and outs of all the various programs, make sure to have a list of questions with you. One of my lenders or I will be able to assist you in understanding the advantages and disadvantages of both programs, because it can be a challenge to know the distinctions between both fixed and adjustable rate mortgages.

2 – Decide when to lock

By locking in the rate, the lender is keeping to the mortgage 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 loan application day and issuance of closing documents. Buyers who choose to float believe that interest rates will plunge 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 lower your rate

Normally you can elect to pay additional points to lower the rate of your loan. Every point is 1 percent of the loan and is payable in cash at closing. Click here to use my points calculator. This tool will assist you with determining if buying points is right for you.

4 – Bring your paperwork

Getting a mortgage loan requires a lot of paperwork, so you should spend some time getting your documents together. Click here to see general information that goes on a loan application.

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