Are you financing a home in Oakland or the many surrounding cities? Thomas-Chambers Company can help.

When buying a home, the mortgage loan application is exasperating for most people, but it doesn't have to be. Having connections to some mortgage lenders in Oakland has helped us learn some things that can make the loan application process uncomplicated.


1 – Compose a list of questions regarding your loan program

Make sure to have a list of questions with you if you don't totally comprehend the pros and cons of all the different loan programs. One of our trusted lenders or staff can assist you in understanding the advantages and disadvantages of each one, because it's hard to understand the characteristics of fixed and adjustable rate mortgages.

2 – Decide when you want to lock

By locking in the interest rate, the mortgage lender is keeping 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 elect to float think interest rates will dip in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – 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 typical questions you'll have to answer on a loan app.


Need Assistance?

Securing financing is just one aspect of a home purchase. Thomas-Chambers Company is seasoned at aiding new and experienced homebuyers in all areas of real estate. Rates are currently very low and it may be a good time to lock in a good rate and buy a home. Call us today at (510) 601-0116  if you have some additional questions about the process, need some pointers or if your needs include a professional REALTOR® ready for the business side of buying and selling real estate.

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Today's Rates

Mtg Loan Rate APR
30-yr Fixed 4.06% 4.1%
15-yr Fixed 3.51% 3.57%
1-yr Adj 3.68% 3.71%
* national averages

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