
	Getting your mortgage is just one part of a home purchase. Mary Jo Placka and LAND of the HAWK Realty is experienced at aiding both new and experienced buyers alike in all areas of real estate. Call us today at 951-780-0856 if your needs include a professional REALTOR^® experienced at the business side of real estate.

Applying for a new home loan in Lake Mathews

For most people, applying for a mortgage loan can be one of the most troublesome aspects of buying a home. But it doesn't have to be. Being close with some mortgage lenders in the Lake Mathews area has helped me learn a few things that make the loan application process very easy.

1 – Compile a list of questions about your loan program

Make sure to bring a list of questions if you do not thoroughly grasp the advantages and disadvantages of all the various loan programs. I or one of my lenders will assist you with understanding the advantages and disadvantages of both programs, because it can be hard to understand the characteristics of fixed and adjustable rate mortgages.

2 – Decide when to lock

By locking in a rate, your mortgage lender is holding to the mortgage interest rates for the loan – most often at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day of your loan application and issuance of closing documents. Buyers who opt to float think that the interest rates will dip 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 choose to pay additional points to lower the rate of your loan. Every point is 1 percent of the loan and is payable in cash at the time of closing. If you're uncertain as to whether or not purchasing points is the best option for you, click here to use our points calculator.

4 – Compile your paperwork

Obtaining a loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to see normal information that goes on a loan application.

Mortgage Calculator:

Sales Price:		$
Down:		%
Interest Rate:		%
Term:		yrs

Monthly payment:		$

Today's Rates:

Mtg Loan

Rate

APR

30-yr Fixed	3.79%	3.91%
15-yr Fixed	3.04%	3.2%
1-yr Adj	2.78%	3.45%

* national averages

Looking to Buy?

Are you looking to buy a house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

Your Information

*Name:
*Email:
Phone:
Street Address:
City:
State:
Country:
Zip/Postal Code:

Some Details

When Are You Moving?:
Where Are You Moving:
Your Price Range?:
Number of Bedrooms?:
Number of Bathrooms?:
Size In Square Feet?:
Any Comments, Concerns, Or Questions:

Note: Fields with an * are required