Applying for a Loan

For many buyers, applying for the mortgage loan is one of the more stressful aspects of buying a home. The loan application need not be a stressful time. By following a few easy steps, you'll sail through the loan application process and learn alot, too.

  1. Make a list of any questions you have about the loan program.
    Be sure you understand the advantages and disadvantages of the various mortgage programs for which you may qualify, including the advantages and disadvantages of Fixed Rate Mortgages versus Adjustable Rate Mortgages. There are new safeguards for buyers, so understanding these benefits you.
  2. Decide if you want to lock-in or float the loan's interest rate.
    Locking-in the rate means that the lender commits to the mortgage interest rate for the loan typically at the time the loan application is submitted. By floating the rate, you can lock-in the interest rate anytime between the loan application day and closing. Buyers opt to "float the loan" when they believe interest rates will drop after their loan application date and prior to closing. The risk is that rather than dropping, interest rates may rise, increasing the mortgage payment.
  3. Decide if you want to pay additional points to lower your interest rate.
    Typically you can elect to pay additional points (each point is 1 percent of the mortgage loan payable in cash at closing) to lower the interest rate of your mortgage loan.
  4. Gather your paperwork.
    Click here to view a list of typical loan documentation.
  5. Remember that Boker and Jaye are available to help in any way possible. Just call or fill out the form below!

Have a Question?

Hi there. Have a question? We'd prefer that you just pick up the
phone and call us right now at 949 929 7187. However, if that's not
convenient, please fill out the questionnaire below and we'll get back
to you right away.
 
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We love to work with quality people such as yourself and are never too busy for your kind referrals!  Should you know someone who is thinking about buying or selling a home, please give them the ultimate gift of trust by telling them about us and call us with their contact information.  We promise to follow up with the same high quality service to them as we provide to you.

A quick disclaimer - Boker and Jaye are nicknames.  Our legal names for all legal purposes are Robert and Janice Yaruss.  You will find our licenses issued by the DRE under our legal names. 

Boker (Robert Yaruss) DRE #01362392 - Jaye (Janice Dobreer-Yaruss) DRE #01434016




Boker and Jaye Yaruss Surterre Properties, 1400 Newport Center Drive, Suite 100, Newport Beach, CA 92660
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