Let Provident Realty Group help you apply for a home loan.

When purchasing a home, applying for financing is a exasperating event for a lot of people, but it doesn't have to be. Being connected to many lenders in the Dublin area has helped me recognize some things that will make the loan application process a snap.

1 – Create a list of questions regarding your loan program

Make sure to have a list of questions if you find that you do not fully comprehend the advantages and disadvantages of the various programs. It's a challenge to understand the differences between fixed and adjustable rate mortgages. I or one of my trusted lenders will be able to assist you with understanding the advantages and disadvantages of both programs.

2 – Determine when to lock

Locking in the interest rate denotes that the mortgage lender holds to the mortgage interest rates for the loan – most often at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between the day of your loan application and issuance of closing documents. Buyers who elect to float conclude that interest rates will fall 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 interest rate

Typically you can opt to pay additional points to lower the rate of your loan. Each point is 1 percent of the loan and is payable in cash at the time of closing. Click here to use our points calculator. It will help you decide if buying points is the best option for you.

4 – Gather your paperwork

Getting a loan requires lots of paperwork, so you should take some time to get all your documentation together. Click here to get a list of general loan documentation.

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Provident Realty Group

6850 Regional Street Suite 210
Dublin, CA 94568