Securing financing is just one part of a real estate transaction. Excel Funding Real Estate Services, Inc. is seasoned at helping both new and experienced buyers alike in all areas of real estate. Call me today at (310) 784-2828 if your needs include a professional REALTOR® ready for the business side of buying and selling.

Are you financing a new home? Excel Funding Real Estate Services, Inc. can help.

When buying a home, the mortgage loan application is troublesome for a lot of people, but it doesn't have to be. Being connected to many lending companies in the Rancho Palos Verdes area has helped me realize a lot of the things that will make the process of applying for a loan a breeze.

1 – Create a list of questions regarding your loan program

Make sure you bring a list of questions if you find that you do not entirely understand the pros and cons of the various loan programs. It's hard to know the differences between both fixed and adjustable rate mortgages. One of my lender contacts or I will assist you with understanding the advantages and disadvantages of both programs.

2 – Decide when to lock

When you lock in an interest rate, the lender is guaranteed to hold to the mortgage interest rates for the loan – commonly at the time the loan application is received. By floating the rate, you can lock the rate at any time between the day you apply for your loan and closing. Buyers who prefer to float conclude interest rates will decline 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 lower your interest rate

When you opt to pay additional points to lower the rate of your mortgage loan, you will pay for them in cash at the time of closing. Every point is 1 percent of the mortgage loan. Click here to use my points calculator. It will assist you with determining if purchasing points is right for you.

4 – Compile your paperwork

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