Looking to finance a home in Vista? Stoneridge Realty & Property Management Services can help.

A lot of buyers think applying for the loan is one of the more distressing aspects of buying a home, but it doesn't have to be. I'm connected with several mortgage lenders in Vista, and they've helped me understand some things that make the process of applying for a loan uncomplicated.

1 – Compose a list of questions about your loan program

Be sure to bring a list of questions with you if you don't completely comprehend the advantages and disadvantages of all the different loan programs. I or one of my lender contacts will be able to assist you with understanding the advantages and disadvantages of both programs, because it can be hard to know the distinctions between fixed and adjustable rate mortgages.

2 – Determine when to lock

Locking in a rate designates that your mortgage lender commits to the mortgage interest rates for the loan – usually at the time the loan application is received. By floating the rate, you can lock the rate at any time between the loan application day and closing. Buyers who choose to float presume 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 reduce your interest rate

When you elect to pay additional points to lower the rate of your loan, you'll pay for them in cash at closing. Each point is 1 percent of the mortgage loan. To determine if buying points is right for you, click here to use our points calculator.

4 – Compile your paperwork

Acquiring a mortgage loan requires lots of paperwork, so you should spend some time getting all your documents together. Click here to get a list of typical loan documentation.


Stoneridge Realty & Property Management Services

1920 Shadowridge Drive #104
Vista, CA 92081