Getting your loan locked down is just one aspect of getting into a new home. Exclusive Estate Properties, Inc. is experienced at aiding both new and experienced buyers alike in all areas of real estate. Call us today at (818) 523-0128 if your needs include a professional REALTOR® experienced at the business side of real estate.


Thinking about financing a home?

When buying a home, applying for the mortgage loan is very stressful for many people, but it doesn't have to be. I've got great connections to many mortgage lenders in the W. Toluca Lake area, and they've helped me recognize a few things that will make the loan application process easy.

1 – Assemble a list of questions about your loan program

Be sure to bring a list of questions with you if you find that you don't thoroughly grasp the advantages and disadvantages of all the different loan programs. I or one of my lenders will be able to assist you in understanding the advantages and disadvantages of each program, because it's a challenge to understand the differences between fixed and adjustable rate mortgages.

2 – Determine when you want to lock

Locking in a rate signifies that the mortgage lender keeps to the mortgage interest rates for the loan – usually at the time the loan application is presented. By floating the rate, you can lock the rate anytime between the loan application day and issuance of closing documents. Buyers who prefer 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 – Decide if you want to pay additional points to reduce your interest rate

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

4 – Compile your paperwork

Getting a loan requires lots of paperwork, so you should take some time to get all your documentation together. Click here to preview common information that goes on a loan application.

Exclusive Estate Properties, Inc. 4640 Lankershim Blvd., Suite 110 W. Toluca Lake, CA 91602
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