Thinking of financing a new home in Solano County? Melanie Wright can help.

Feeling lots of anxiety over applying for a mortgage? You don't have to be. I've got great connections to several lenders in the Vacaville area, and they've helped me recognize a few things that will make the loan application process very easy.

1 – Assemble a list of questions about your loan program

Make sure to have a list of questions with you if you find that you don't thoroughly grasp the pros and cons of all the various programs. It is a challenge to understand the differences between both fixed and adjustable rate mortgages. One of my lenders or I will help you understand the advantages and disadvantages of each.

2 – Decide when to lock

When you lock in the rate, it means that the lender holds to the interest rates for the loan – commonly at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between the day you apply for your loan and the issuing of closing documents. Those who opt to float think that the interest rates will drop in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Gather your paperwork

Obtaining a loan requires lots of paperwork, so you should take some time to get your documentation together. Click here to preview typical information that goes on a loan application.

Need More Assistance?

Securing financing is just one aspect of getting into a new home. Melanie Wright is experienced at assisting new and experienced in all areas of real estate. Call me today at 707-410-6634 if your needs include a real estate pro ready for the business side of real estate.

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