Applying for a Loan

Securing financing is just one part of a home purchase. A.C. Goldt Realty & Property Management Incorporated is experienced at aiding both new and experienced buyers alike in all areas of real estate. Call us today at (510) 357-3350 if your needs include a professional REALTOR® experienced at the business side of buying and selling.


Are you thinking about financing your new home in San Leandro?

Securing the loan can be one of the more distressing aspects of buying a home. But it doesn't have to be. Being close with several lending companies in the Bay Area has helped me understand some things that make the process of applying for a loan much easier.

1 – Assemble a list of questions regarding your loan program

If you find that you do not entirely realize the advantages and disadvantages of the various loan programs, be sure you have a list of questions with you. At times, it can be a challenge to understand the characteristics of both fixed and adjustable rate mortgages. I or one of my lenders will be able to assist you with understanding the advantages and disadvantages of each program.

2 – Decide when to lock

By locking in the interest rate, a mortgage lender is committing to the mortgage interest rates for the loan – most often at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between the day of your loan application and the issuing of closing documents. Those who decide 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 – Determine if you want to pay additional points to reduce your rate

Generally you can decide to pay additional points to lower the interest rate of your mortgage loan. Every point is 1 percent of the loan and is payable in cash at the time of closing. Click here to use our points calculator. It will assist you in deciding if purchasing points is right for you.

4 – Bring your paperwork

Obtaining a mortgage loan requires lots of paperwork, so you should take some time to get your documents together. Click here to see normal information that goes on a loan application.