Securing financing is just one aspect of a home purchase. THIAT LIANG (broker, 650-888-5829, former Prudential Ca. Realty Top Producer and Diamond Club) is experienced at aiding new and experienced in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of real estate.

Are you thinking about financing a home in Burlingame? THIAT LIANG (broker, 650-888-5829, former Prudential Ca. Realty Top Producer and Diamond Club) can help.

When buying a home, applying for a loan is very stressful for a lot of people, but it doesn't have to be. I have excellent relationships with various mortgage lenders in the Burlingame area, and they've helped me realize a few things that will make the process of applying for a loan very manageable.

1 – Compile a list of questions regarding your loan program

If you find that you don't fully realize the ins and outs of all the various financing options, be sure you bring a list of questions. I or one of my lenders can assist you with understanding the advantages and disadvantages of each one, because it is a challenge to understand the characteristics of fixed and adjustable rate mortgages.

2 – Decide when to lock

When you lock in an interest rate, a lender is guaranteed to commit to the interest rates for the loan – commonly at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the day you apply for the loan and issuance of closing documents. Those who prefer to float think 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 decrease your interest rate

If you opt to pay additional points to lower the rate of your mortgage loan, you will do so by paying for them in cash at the time of closing. Every point is 1 percent of the loan. If you're undecided on whether or not buying points is right for you, click here to use our points calculator.

4 – Compile your paperwork

Getting a mortgage loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to see common questions you'll have to answer on a loan app.