
	Securing financing is just one aspect of a home purchase. Triple Diamond Group is seasoned at aiding both new and experienced buyers alike in all areas of real estate. Call us today at 909 542-2222 if your needs include a professional REALTOR^® ready for the business side of buying and selling.

Are you thinking about financing your home? Triple Diamond Group can help.

When purchasing a home, applying for financing is exasperating for most people, but it doesn't have to be. I have close professional relationships with many lending companies in Sathe area, and they've helped me realize a few things that can make the loan application process effortless.

1 – Assemble a list of questions about your loan program

If you find that you don't completely understand the advantages and disadvantages of the different loan programs, be sure to bring a list of questions. It can be a challenge understanding the distinctions between fixed and adjustable rate mortgages. I or one of my lenders will help you understand the advantages and disadvantages of both programs.

2 – Decide when you want to lock

Locking in an interest rate indicates that a mortgage lender holds to the mortgage interest rates for the loan – commonly 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 at the time of closing. Those who opt to float think the 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 interest rate

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

4 – Compile your paperwork

Obtaining a mortgage loan requires lots of paperwork, so you should spend some time getting your documents together. Click here to get a feel for typical questions you'll have to answer on a loan app.