Getting your loan locked down is just one aspect of a real estate transaction. Om Talajia is seasoned at aiding both new and experienced buyers alike in all areas of real estate. Call us today at 408-861-8867 if your needs include a real estate pro ready for the business side of buying and selling.
Applying for a home loan in CUPERTINO with help from Om Talajia
Feeling lots of anxiety over getting financing for a home purchase? You don't have to be.
I've got great connections to a lot of lending companies in the CUPERTINO area, and they've helped me realize some things that make the process of applying for a loan very easy.
1 – Assemble a list of questions about your loan program
Be sure you have a list of questions with you if you find that you do not fully grasp the pros and cons of all the different programs.
I or one of my lender contacts will be able to help you understand the advantages and disadvantages of each program, because it's hard to understand the distinctions between both fixed and adjustable rate mortgages.
2 – Decide when to lock
Locking in the interest rate signifies that your lender keeps to the interest rates for the loan – ordinarily at the time the loan application is received.
By floating the rate, you can lock the rate at any time between the day of your loan application and closing. Those who elect to float believe that 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 decrease your rate
Generally you can opt to pay additional points to lower the rate of your mortgage loan. Every point is 1 percent of the mortgage loan and is payable in cash at closing.
Click here to use our points calculator. This tool will assist you in deciding if purchasing points is the best option for you.
4 – Gather your paperwork
Acquiring a 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 normal information that goes on a loan application.
Om Talajia Coldwell Banker 10105 S DeAnza Blvd CUPERTINO, CA 95014-1126
