Coldwell Banker can help you apply for a loan in Danville.

Feeling lots of anxiety over getting financing for a home purchase? You don't have to be. I have close working relationships with some reputable lending companies in the Danville area, and they've helped me understand a few things that can make the loan application process a snap.

1 – Organize a list of questions regarding your loan program

If you find that you don't totally comprehend the pros and cons of all the different loan programs, make sure you have a list of questions with you. One of my trusted lenders or I will help you understand the advantages and disadvantages of each one, because it's a challenge to understand the differences between fixed and adjustable rate mortgages.

2 – Determine when to lock

When you lock in a rate, it designates that a lender guarantees the mortgage interest rates for the loan – generally 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 conclude interest rates will plunge in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Compile your paperwork

Obtaining a loan requires lots of paperwork, so you should spend some time getting all your documentation together. Click here to see typical information that goes on a loan application.

Need More Help?

Getting your mortgage is just one part of getting into a new home. Coldwell Banker is seasoned at helping new and experienced in all areas of real estate. Call me today at 925-200-4040 if your needs include a professional REALTOR® ready for the business side of real estate.