
	Getting your loan locked down is just one part of a home purchase. Dickson Podley Realtors is seasoned at assisting both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of real estate.

Are you looking to finance your home? Dickson Podley Realtors can help.

For many people, securing financing can be one of the more demanding aspects of buying a house. But it doesn't have to be. I have excellent relationships with several lending companies in the Glendale area, and they've helped me learn some things that can make the loan application process effortless.

1 – Assemble a list of questions regarding your loan program

If you don't fully comprehend the pros and cons of all the different financing options, make sure to have a list of questions. I or one of my trusted lenders can assist you in understanding the advantages and disadvantages of each one, because it's a challenge to know the differences between fixed and adjustable rate mortgages.

2 – Determine when to lock

By locking in the rate, the lender is committing to the mortgage interest rates for the loan – ordinarily at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between the day of your loan application and the issuing of closing documents. Buyers who elect to float presume 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 decrease your interest rate

Generally you can choose to pay additional points to lower the rate of your mortgage loan. Each point is 1 percent of the mortgage loan and is payable in cash at closing. If you're undecided on whether or not buying points is the best option for you, click here to use our points calculator.

4 – Compile your paperwork

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