Securing financing is just one aspect of a home purchase. HERTH Real Estate is experienced at aiding new and experienced in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of real estate.

Are you looking to finance a home?

When buying a home, applying for financing is distressing for many people, but it doesn't have to be. I have close business relationships with a lot of mortgage lenders in the Guerneville area, and they've helped me recognize some things that make the loan application process a snap.

1 – Create a list of questions about your loan program

Be sure you have a list of questions with you if you don't fully comprehend the ins and outs of the various programs. I or one of my lenders will assist you in understanding the advantages and disadvantages of each one, because it's a challenge to understand the differences between both fixed and adjustable rate mortgages.

2 – Determine when you want to lock

Locking in denotes that the lender holds to the interest rates for the loan – most often at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between application and at the time of closing. Those who elect to float believe the interest rates will plunge 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 interest rate

When you opt to pay additional points to lower the rate of your mortgage loan, you will do so by paying for them in cash at the time of closing. Each point is 1 percent of the loan. Click here to use our points calculator. It will assist you with deciding if purchasing points is right for you.

4 – Compile your paperwork

Obtaining a mortgage loan requires a lot of paperwork, so you should spend some time getting your documents together. Click here to preview typical information that goes on a loan application.