Are you going to finance your home in Fresno? Real Pro Properties can help.

Many buyers think applying for a mortgage loan is one of the most exasperating elements of purchasing a home, but it doesn't have to be. I have a close business relationship with several lenders in the Fresno area, and they've helped me understand a few things that can make the process of applying for a loan pretty simple.

1 – Compile a list of questions about your loan program

If you don't entirely realize the pros and cons of the various loan programs, be sure you have a list of questions. It is often a challenge to understand the characteristics of both fixed and adjustable rate mortgages. I or one of my trusted lenders will assist you with understanding the advantages and disadvantages of both programs.

2 – Determine when you want to lock

When you lock in a rate, a lender is sure to commit to the mortgage interest rates for the loan – most often at the time the loan application is received. By floating the rate, you can lock the rate at any time between the loan application day and closing. Buyers who opt to float believe that 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 reduce your interest rate

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

4 – Compile your paperwork

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

English Spanish

Real Pro Properties

700 E. Shaw Ave.
Fresno, CA 93710-7732