
	Getting your loan locked down is just one aspect of getting into a new home. Windermere Real Estate SoCal is experienced at helping new and experienced in all areas of real estate. Contact us if your needs include a professional REALTOR^® ready for the business side of buying and selling.

Windermere Real Estate SoCal can help you apply for your loan in Laguna Niguel.

When purchasing a home, applying for the mortgage loan is exasperating for most people, but it doesn't have to be. Being connected to several mortgage lenders in the Laguna Niguel area has helped me recognize a lot of the things that can make the loan application process easy.

1 – Make a list of questions about your loan program

Be sure you bring a list of questions if you do not completely understand the pros and cons of all the different programs. It can be a challenge to know the distinctions between both fixed and adjustable rate mortgages. I or one of my lender contacts will assist you with understanding the advantages and disadvantages of each.

2 – Decide when you want to lock

When you lock in the interest rate, your lender is sure to commit to the interest rates for the loan – often at the time the loan application is presented. 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 think 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 interest rate

Typically you can elect to pay additional points to lower the interest rate of your mortgage loan. Each point is 1 percent of the loan and is payable in cash at the time of closing. If you're not sure if buying points is the best option for you, click here to use our points calculator.

4 – Bring your paperwork

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