
	Getting your loan locked down is just one aspect of getting into a new home. CalState Realty Services/Cobalt Financial is seasoned at helping new and experienced in all areas of real estate. Call us today at 858-565-6388 if your needs include a professional REALTOR^® ready for the business side of buying and selling.

Are you financing a home in San Diego? CalState Realty Services/Cobalt Financial can help.

Stressed out about applying for a mortgage? You don't have to be. Being close with some mortgage lenders in the San Diego area has helped me learn a lot of the things that make the loan application process easy.

1 – Put together a list of questions regarding your loan program

Be sure you bring a list of questions with you if you find that you do not perfectly comprehend the advantages and disadvantages of the various programs. I or one of my lenders can assist you with understanding the advantages and disadvantages of each program, because it's hard to understand the differences between fixed and adjustable rate mortgages.

2 – Decide when to lock

Locking in an interest rate means that your mortgage lender commits to the interest rates for the loan – commonly at the time the loan application is received. By floating the rate, you can lock the rate at any time between the day you apply for the loan and issuance of closing documents. Buyers who elect to float believe the interest rates will dip 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 decrease your rate

When you opt to pay additional points to lower the interest rate of your loan, you will do so by paying for them in cash at closing. Each point is 1 percent of the loan. To determine if buying points is right for you, click here to use our points calculator.

4 – Bring your paperwork

Acquiring a mortgage loan requires a lot of paperwork, so you should spend some time getting all your documentation together. Click here to see general questions you'll have to answer on a loan app.