
	Securing financing is just one part of getting into a new home. Highcres Real Estate & Mortgage is seasoned at helping both new and experienced buyers alike in all areas of real estate. Call us today at 949-274-0977 or visit us at www.highcrestre.com/MortgageCenter.htm

Are you thinking of financing a home in Irvine? The Real Estate Shop can help.

When buying a home, applying for the loan is very distressing for a lot of people, but it doesn't have to be. I have close business relationships with several lenders in Irvine, and they've helped me realize a few things that will make the loan application process a breeze.

1 – Make a list of questions regarding your loan program

If you do not perfectly comprehend the advantages and disadvantages of the different programs, make sure you have a list of questions with you. I or one of my trusted lenders will assist you in understanding the advantages and disadvantages of each program, because it's a challenge to understand the differences between both fixed and adjustable rate mortgages.

2 – Decide when to lock

When you lock in an interest rate, it indicates that your lender guarantees the mortgage interest rates for the loan – commonly at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the day of your loan application and closing. Those 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

If you decide to pay additional points to lower the interest rate of your mortgage loan, you will do so by paying for them in cash at closing. Every point is 1 percent of the mortgage loan. Click here to use our points calculator. This tool will help you determine if buying points is right for you.

4 – Gather your paperwork

Acquiring a loan requires lots of paperwork, so you should take some time to get all your documentation together. Click here to preview typical questions you'll have to answer on a loan app.

Highcrest Real Estate & Mortgage 27758 Santa Margarita Pkwy, Suite #114 Mission Viejo, CA 92691

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