Let American Dream Corporation dba ADC Realty help you finance a home.

For most people, applying for a loan is one of the most distressing aspects of purchasing a home, but it doesn't have to be. I'm very familiar with several mortgage lenders in San Diego, and they've helped me understand some things that can make the process of applying for a loan easy.

1 – Make a list of questions regarding your loan program

If you do not perfectly comprehend the pros and cons of the various programs, make sure you have a list of questions. It is hard to understand the characteristics of both fixed and adjustable rate mortgages. I or one of my trusted lenders will be able to assist you in understanding the advantages and disadvantages of both.

2 – Determine when you want to lock

When you lock in an interest rate, it designates that the mortgage lender keeps to the interest rates for the loan – typically at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day of your loan application and closing. Those who choose to float think that interest rates will dip 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

Oftentimes 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. To determine if buying points is the best option for you, click here to use our points calculator.

4 – Bring your paperwork

Acquiring a loan requires a lot of paperwork, so you should spend some time getting all your documentation together. Click here for a list of general loan documentation.


American Dream Corporation dba ADC Realty

CABRE Lic. #01411740

4660 La Jolla Village Drive Ste. 100
San Diego, CA 92122-1251