
	Securing financing is just one part of a real estate transaction. First Team Real Estate is experienced at assisting both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro experienced at the business side of buying and selling.

First Team Real Estate can assist you in applying for a new home loan in Anaheim Hills.

When buying a home, applying for the mortgage loan is very distressing for most people, but it doesn't have to be. I have close working relationships with a lot of mortgage lenders in the Anaheim Hills area, and they've helped me recognize a few things that can make the loan application process easy.

1 – Compile a list of questions about your loan program

If you do not completely comprehend the advantages and disadvantages of the different programs, make sure to have a list of questions. At times, it can be a challenge to know the characteristics of both fixed and adjustable rate mortgages. I or one of my trusted lenders will be able to help you understand the advantages and disadvantages of both.

2 – Determine when you want to lock

By locking in the rate, the lender is holding to the mortgage interest rates for the loan – ordinarily at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between the loan application day and the issuing of closing documents. Those who opt 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 lower your interest rate

When you choose to pay additional points to lower the interest rate of your loan, you'll do so by paying for them in cash at the time of closing. Every point is 1 percent of the loan. Click here to use our points calculator. It will help you decide if buying points is the best option for you.

4 – Gather your paperwork

Obtaining a mortgage loan requires a lot of paperwork, so you should spend some time getting all your documents together. Click here to get a feel for common information that goes on a loan application.

First Team Real Estate PO Box Anaheim Hills, CA 92807-3943

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