
	Securing financing is just one aspect of getting into a new home. Delta Bay Realty is seasoned at assisting both new and experienced buyers alike in all areas of real estate. Call us today at 925-301-7445 if your needs include a professional REALTOR^® experienced at the business side of real estate.

Let Delta Bay Realty help you finance a new home in Pittsburg.

Feeling lots of anxiety over applying for a mortgage? You don't have to be. I have close professional relationships with several mortgage lenders in Pittsburg, and they've helped me realize a few things that make the process of applying for a loan uncomplicated.

1 – Put together a list of questions about your loan program

Make sure to have a list of questions if you find that you don't totally comprehend the advantages and disadvantages of all the various programs. I or one of my lenders will be able to help you understand the advantages and disadvantages of each one, because it is hard to understand the distinctions between fixed and adjustable rate mortgages.

2 – Determine when to lock

By locking in the interest rate, the lender is holding to the interest rates for the loan – most often at the time the loan application is received. By floating the rate, you can lock the rate anytime between application and the issuing of closing documents. Buyers who opt to float conclude the 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 decrease your interest rate

When you choose to pay additional points to lower the rate of your loan, you'll pay for them in cash at closing. Every point is 1 percent of the loan. If you're unsure if buying points is the best option for you, click here to use our points calculator.

4 – Gather your paperwork

Acquiring a loan requires lots of paperwork, so you should take some time to get your documentation together. Click here to preview normal questions you'll have to answer on a loan app.