Looking to finance your new home in Dublin? Provident Realty Group can help.

When buying a home, applying for the loan is very demanding for most people, but it doesn't have to be. Being close with several lending companies in the Dublin area has helped me recognize some things that will make the loan application process very easy.

1 – Create a list of questions regarding your loan program

Make sure you bring a list of questions with you if you do not totally comprehend the advantages and disadvantages of the different programs. I or one of my trusted lenders can assist you with understanding the advantages and disadvantages of both programs, because it's a challenge to understand the characteristics of fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in a rate, a mortgage lender is guaranteed to commit to the mortgage interest rates for the loan – normally 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 issuance of closing documents. Buyers who opt to float conclude that the interest rates will drop 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

Typically you can elect 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 the time of closing. If you're undecided as to whether or not purchasing points is the best option for you, click here to use our points calculator.

4 – Gather your paperwork

Obtaining a mortgage loan requires lots of paperwork, so you should spend some time getting all your documents together. Click here for a list of normal loan documentation.

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Provident Realty Group

6850 Regional Street Suite 210
Dublin, CA 94568