
	Securing financing is just one part of a home purchase. ANR Realty is experienced at helping new and experienced buyers in all areas of real estate. Call us today at 760-285-3027 if your needs include a real estate pro ready for the business side of real estate.

Let ANR Realty Professionals help you apply for a loan.

When purchasing a home, applying for a loan is troublesome for most people, but it doesn't have to be. Being connected to various mortgage lenders in the Tri State area has helped me learn some things that will make the loan application process pretty simple.

1 – Put together a list of questions regarding your loan program

If you find that you do not thoroughly comprehend the pros and cons of all the various programs, make sure to bring a list of questions with you. I or one of my lenders will be able to assist you with understanding the advantages and disadvantages of each program, because it can be a challenge to know the characteristics of both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in the interest rate, the mortgage lender is sure to keep to the 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 day you apply for the loan and the issuing of closing documents. Buyers who choose to float think interest rates will dip 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 interest rate

Typically you can decide to pay additional points to lower the rate of your loan. Every point is 1 percent of the mortgage loan and is payable in cash at the time of closing. Click here to use our points calculator. This tool will assist you in determining if purchasing points is the best option for you.

4 – Gather your paperwork

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