Are you thinking about financing a home? West Marin Real Estate can help.

Applying for the loan can be one of the most distressing parts of buying a house, but it doesn't have to be. Having connections to several lending companies in the Point Reyes Station area has helped me learn a few things that make the process of applying for a loan much easier.

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

If you find that you don't perfectly realize the advantages and disadvantages of all the various loan programs, make sure to bring a list of questions with you. I or one of my lenders will be able to help you understand the advantages and disadvantages of both programs, because it is hard to understand the distinctions between both fixed and adjustable rate mortgages.

2 – Determine when you want to lock

By locking in the interest rate, a mortgage lender is keeping to the interest rates for the loan – commonly at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day you apply for your loan and closing. Buyers who elect to float presume that 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 reduce your rate

When you elect to pay additional points to lower the rate of your loan, you will pay for them in cash at closing. Each point is 1 percent of the mortgage loan. Click here to use our points calculator. This tool will assist you in determining if purchasing points is right for you.

4 – Bring your paperwork

Getting a mortgage loan requires lots of paperwork, so you should take some time to get your documentation together. Click here to get a list of typical loan documentation.

Mortgage Calculator


Today's Rates

Mtg Loan Rate APR
30-yr Fixed 5.55% 5.61%
15-yr Fixed 4.85% 4.97%
1-yr Adj 4.36% 4.39%
* national averages
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