Securing financing is just one aspect of a home purchase. Just Company Real Estate is experienced at helping 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 thinking about financing your new home? Just Company Real Estate can help.

When buying a home, applying for the loan is troublesome for a lot of people, but it doesn't have to be. Being familiar with several mortgage lenders in the Reedley area has helped me learn a few things that will make the loan application process a snap.

1 – Make a list of questions about your loan program

Make sure to bring a list of questions with you if you do not entirely grasp the pros and cons of the various programs. I or one of my lender contacts will assist you in understanding the advantages and disadvantages of each program, because it's a challenge to understand the distinctions between both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in the rate, it indicates that your lender holds to the mortgage interest rates for the loan – commonly at the time the loan application is presented. By floating the rate, you can lock the rate at any time between the day you apply for your loan and closing. Buyers who prefer to float presume that interest rates will drop 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

Generally you can elect to pay additional points to lower the interest 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. It will assist you in deciding if buying points is right for you.

4 – Gather your paperwork

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