
	Securing financing is just one aspect of a home purchase. Heli Sairanen, Broker, Coldwell Banker BOV is experienced at assisting new and experienced in all areas of real estate. Contact us if your needs include a professional REALTOR^® ready for the business side of real estate.

Thinking about financing a home in Napa? Heli Sairanen, Broker, Coldwell Banker BOV can help.

Feeling lots of anxiety over getting financing for a home purchase? You don't have to be. Having connections with various mortgage lenders in the Napa area has helped me realize a few things that can make the loan application process very manageable.

1 – Make a list of questions regarding your loan program

If you find that you don't entirely understand the advantages and disadvantages of all the different financing options, make sure you bring a list of questions. It is often hard to understand the differences between fixed and adjustable rate mortgages. I or one of my lenders will be able to help you understand the advantages and disadvantages of both.

2 – Decide when to lock

By locking in a rate, your lender is guaranteeing the mortgage interest rates for the loan – usually at the time the loan application is presented. By floating the rate, you can lock the rate anytime between the day you apply for the loan and closing. Buyers who elect to float believe that the interest rates will decline 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 reduce your rate

If you elect to pay additional points to lower the interest rate of your mortgage loan, you will pay for them in cash at the time of closing. Every point is 1 percent of the loan. To determine if purchasing points is the best option for you, click here to use our points calculator.

4 – Gather your paperwork

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