Are you looking to finance a home? Atlas Real Estate Corporation can help.

Applying for financing is one of the most stressful elements of purchasing a home for a buyer, but it doesn't have to be. I'm close to several lenders in Beverly Hills, and they've helped me learn a few things that will make the process of applying for a loan very easy.

1 – Assemble a list of questions regarding your loan program

If you don't entirely realize the advantages and disadvantages of the various programs, make sure to have a list of questions with you. I or one of my trusted lenders will help you understand the advantages and disadvantages of each one, because it's hard to know the differences between fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in an interest rate, your lender is sure to commit to the mortgage interest rates for the loan – normally 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 closing. Those who decide to float think the interest rates will fall 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 reduce your rate

When you decide to pay additional points to lower the interest rate of your loan, you will do so by paying for them in cash at the time of closing. Every point is 1 percent of the mortgage loan. To decide if you should buy points, click here to use our points calculator.

4 – Compile your paperwork

Getting a loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to get a list of common loan documentation.

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