Stoneridge Realty & Property Management Services can help you apply for your home loan.

For most people, applying for the loan can be one of the most troublesome parts of buying a home, but it doesn't have to be. I have a close business relationship with various mortgage lenders in Vista, and they've helped me learn a few things that can make the loan application process uncomplicated.

1 – Compose a list of questions about your loan program

Be sure to have a list of questions if you find that you don't thoroughly understand the advantages and disadvantages of all the various programs. It is often a challenge to understand the differences between fixed and adjustable rate mortgages. I or one of my lenders can help you understand the advantages and disadvantages of each one.

2 – Decide when to lock

Locking in the interest rate signifies that the mortgage lender commits to the mortgage interest rates for the loan – often at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the day of your loan application and the issuing of closing documents. Buyers who choose to float conclude interest rates will decline 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 reduce your rate

When you choose to pay additional points to lower the rate of your mortgage loan, you will pay for them in cash at the time of closing. Every point is 1 percent of the loan. Click here to use our points calculator. It will assist you with deciding if purchasing points is the best option for you.

4 – Bring your paperwork

Getting a mortgage loan requires a lot of paperwork, so you should spend some time getting all your documentation together. Click here to get a list of general loan documentation.