Applying for a new home loan in San Diego with help from ADC Realty Investments Group Inc.

When purchasing a home, applying for a loan is very troublesome for a lot of people, but it doesn't have to be. I have a close relationship with various lenders in the San Diego area, and they've helped me realize some things that make the process of applying for a loan very manageable.

1 – Compile a list of questions about your loan program

If you do not entirely comprehend the ins and outs of all the different programs, be sure you bring a list of questions. I or one of my lender contacts will help you understand the advantages and disadvantages of both programs, because it can be hard to understand the distinctions between both fixed and adjustable rate mortgages.

2 – Decide when to lock

When you lock in a rate, your lender is sure to commit to the interest rates for the loan – generally at the time the loan application is presented. By floating the rate, you can lock the rate anytime between the day of your loan application and the issuing of closing documents. Those who opt to float conclude the interest rates will plunge 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 decrease your rate

When you choose to pay additional points to lower the interest rate of your loan, you'll do so by paying for them in cash at the time of closing. Every point is 1 percent of the mortgage loan. Click here to use our points calculator. It will assist you with determining if buying points is right for you.

4 – Bring your paperwork

Getting a loan requires lots of paperwork, so you should spend some time getting your documents together. Click here for a list of typical loan documentation.

ADC Realty Investments Group Inc.

CABRE Lic. #02182318

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