Getting your mortgage is just one aspect of a home purchase. Fred Shaheen Real Estate Services is experienced at assisting both new and experienced buyers alike in all areas of real estate. Contact me if your needs include a real estate pro experienced at the business side of real estate.

Fred Shaheen Real Estate Services can assist you with applying for your loan in La Canada Flintridge.

Stressed out about applying for a mortgage? You don't have to be. I have close relationships with various mortgage lenders in the La Canada Flintridge area, and they've helped me recognize a few things that will make the loan application process effortless.

1 – Create a list of questions regarding your loan program

Be sure you have a list of questions if you find that you do not entirely understand the advantages and disadvantages of the various loan programs. One of my trusted lenders or I will be able to help you understand the advantages and disadvantages of each program, because it's a challenge to understand the differences between both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in an interest rate, it denotes that the lender holds to the interest rates for the loan – ordinarily at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the day of your loan application and issuance of closing documents. Buyers who decide to float believe interest rates will drop 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 lower your interest rate

If you opt to pay additional points to lower the rate of your mortgage loan, you'll pay for them in cash at the time of closing. Each point is 1 percent of the loan. To decide if you should buy points, click here to use my points calculator.

4 – Gather your paperwork

Obtaining a loan requires lots of paperwork, so you should take some time to get all your documentation together. Click here to preview normal questions you'll have to answer on a loan app.

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