
	Getting your loan locked down is just one aspect of a home purchase. SALLY MALOUF is experienced at aiding both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro experienced at the business side of real estate.

SALLY MALOUF can help you apply for a home loan.

Feeling lots of anxiety over applying for a mortgage? You don't have to be. I have excellent relationships with many lenders in Novato, and they've helped me realize some things that can make the loan application process easy.

1 – Compile a list of questions about your loan program

Make sure to bring a list of questions with you if you find that you don't entirely grasp the ins and outs of all the different loan programs. Oftentimes, it can be a challenge understanding the distinctions between both fixed and adjustable rate mortgages. I or one of my trusted lenders can assist you in understanding the advantages and disadvantages of both.

2 – Decide when to lock

When you lock in the interest rate, it denotes that your lender guarantees the mortgage interest rates for the loan – normally at the time the loan application is presented. By floating the rate, you can lock the rate anytime between the day you apply for your loan and issuance of closing documents. Buyers who choose to float believe 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

Typically you can choose to pay additional points to lower the interest rate of your mortgage loan. Every point is 1 percent of the loan and is payable in cash at closing. Click here to use our points calculator. This tool will help you decide if buying points is right for you.

4 – Gather your paperwork

Obtaining a mortgage loan requires lots of paperwork, so you should spend some time getting your documents together. Click here to preview common questions you'll have to answer on a loan app.