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Getting your mortgage is just one aspect of a home purchase. Rock Solid Real Estate Co. is seasoned at aiding both new and experienced buyers alike in all areas of real estate. Contact me if your needs include a real estate pro ready for the business side of buying and selling.

Rock Solid Real Estate Co. can help you apply for a new home loan.

For many people, applying for financing can be one of the more stressful parts of purchasing a house. But it doesn't have to be. I have close business relationships with several lenders in La Mesa, and they've helped me realize some things that make the process of applying for a loan a snap.

1 – Create a list of questions about your loan program

Make sure to have a list of questions with you if you don't entirely comprehend the advantages and disadvantages of the various programs. One of my lender contacts or I can help you understand the advantages and disadvantages of each program, because it is a challenge to understand the characteristics of fixed and adjustable rate mortgages.

2 – Determine when to lock

When you lock in an interest rate, the lender is guaranteed to commit to the mortgage interest rates for the loan – typically at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between application and issuance of closing documents. Buyers who choose to float conclude the interest rates will dip 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

When you opt to pay additional points to lower the rate of your loan, you'll do so by paying for them in cash at the time of closing. Each point is 1 percent of the loan. If you're uncertain if buying points is right for you, click here to use my points calculator.

4 – Bring your paperwork

Getting a mortgage loan requires lots of paperwork, so you should take some time to get your documentation together. Click here to get a feel for general questions you'll have to answer on a loan app.