Applying for your home loan in Beverly Hills with the help of Atlas Real Estate Corporation

Applying for the mortgage loan is one of the most stressful parts of buying a house, but it doesn't have to be. I'm pretty connected to several mortgage lenders in Beverly Hills, and they've helped me recognize some things that make the process of applying for a loan a snap.

1 – Compose a list of questions about your loan program

Make sure to have a list of questions if you find that you do not thoroughly realize the pros and cons of the various programs. I or one of my trusted lenders will assist you with understanding the advantages and disadvantages of both programs, because it can be a challenge to understand the distinctions between both fixed and adjustable rate mortgages.

2 – Decide when to lock

By locking in the interest rate, a mortgage lender is keeping to the mortgage interest rates for the loan – commonly at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day you apply for your loan and issuance of closing documents. Buyers who decide to float think interest rates will drop 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 interest rate

Usually you can elect to pay additional points to lower the rate of your mortgage loan. Each point is 1 percent of the mortgage loan and is payable in cash at the time of closing. Click here to use our points calculator. It will assist you in determining if purchasing points is the best option for you.

4 – Gather your paperwork

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

Looking to Buy?

Are you looking to buy a house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

Your Information
Some Details