Getting your mortgage is just one aspect of a home purchase. Century 21 Preferred Realty is experienced at assisting new and experienced in all areas of real estate. Contact us if your needs include a professional REALTOR® experienced at the business side of real estate. Are you going to finance your home? Century 21 Preferred Realty can help. When purchasing a home, applying for a loan is very distressing for many people, but it doesn't have to be. I've got great connections to several lenders in the Lompoc area, and they've helped me realize a few things that make the loan application process effortless. 1 – Organize a list of questions regarding your loan program Be sure to bring a list of questions with you if you find that you don't totally comprehend the pros and cons of the different programs. I or one of my trusted lenders can help you understand the advantages and disadvantages of each one, because it's a challenge to understand the differences between fixed and adjustable rate mortgages. 2 – Decide when to lock Locking in designates that your mortgage lender guarantees the mortgage interest rates for the loan – ordinarily at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between the day you apply for the loan and issuance of closing documents. Those who decide to float believe the interest rates will decline 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 When you decide to pay additional points to lower the rate of your mortgage loan, you'll do so by paying for them in cash at closing. Each point is 1 percent of the loan. To determine if purchasing points is right for you, click here to use our points calculator. 4 – Compile your paperwork Getting a mortgage loan requires a lot of paperwork, so you should take some time to get all your documents together. Click here to preview typical information that goes on a loan application. Today's Rates: Mtg Loan     Rate   APR 30-yr Fixed 3.87% 4% 15-yr Fixed 3.14% 3.31% 1-yr Adj 2.76% 3.42% * national averages Mortgage Calculator: Sales Price: $ Down: % Interest Rate: % Term: yrs Monthly payment: $ Got a Question? Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.   Your Information *Name: *Email: Phone: Your Question Question: Note: Fields with an * are required

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Data maintained by  Lompoc Board of Realtors may not reflect all real estate activity in the market. Information contained herein has been provided by sellers or other sources and has not been verified by the broker or his agents. Interested persons should independently verify the accuracy of all information.

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