
	Securing financing is just one part of getting into a new home. Bayshore Real Estate Services previously operated Bayshore Mortgage Services and has over 20 years of guiding buyers through the mortgage process. Contact me if your needs include a professional REALTOR^® experienced in not only finding and negotiating your home purchase, but securing financing to get the deal closed!

Do you wish to finance a home? Bayshore Real Estate Services can help.

When purchasing a home, the mortgage loan application is demanding for many people, but it doesn't have to be. I have close business relationships with various lending companies on the Monterey Peninsula and Salinas Valley areas. My own 20 year lending experience can make the process of applying for a loan effortless.

1 – Compose a list of questions regarding your loan program

Be sure to have a list of questions with you if you do not totally comprehend the ins and outs of the different loan programs. Oftentimes, it can be a challenge to know the distinctions between both fixed and adjustable rate mortgages. I can help you understand the advantages and disadvantages of both.

2 – Decide when to lock

Locking in the interest rate denotes that your mortgage lender holds to the interest rates for the loan – generally at the time the loan application is presented. By floating the rate, you can lock the rate anytime between the day you apply for your loan and closing. Buyers who decide to float believe 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 – Determine if you want to pay additional points to lower your rate

When you decide to pay additional points to lower the interest 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. If you're uncertain as to whether or not buying points is the best option for you, click here to use my points calculator. I will help you calculate the recovery period for paying these extra costs so that you make a wise decision on what is best for your specific budget.

4 – Compile your paperwork

Acquiring a loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to get a feel for normal questions you'll have to answer on a loan app. I also have the ability to anticipate what an underwriter will typically ask for having assisted hundreds of clients in the past navigate through what can be a difficult process if you are not prepared.

Needing help finding the right loan program?

Having 29 years of experience I've handled buyers and loans of all sorts. If you tell me a bit about your needs below I can help you be a "smart shopper" with local loan officers and get a rate and program that fits you perfectly. I guarantee your privacy and this is no- obligation.