Los Angeles Home Loan Mortgages

Written by Tara Peris
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Los Angeles home loan mortgages come in all shapes and sizes, ensuring that just about everyone can have access to that ever elusive dream home. A good mortgage package will make your money work for you and provide you with a valuable financial resource on which you can draw in the future. Take your time and craft it wisely and you will get the most for your money.

So you've found your dream home-or perhaps, in Los Angeles, that dream condo-and you're ready to take the plunge. You've done your homework, researched your credit history and learned about different types of loans. You've interviewed lenders and settled on a promising candidate. What comes next?

The Application Process

The first thing you will do is complete a loan application. State law requires brokers to respond within three days and your next step will be to review the loan proposal. Remember, you don't have to take what you're offered, so ask about the terms of the agreement as well as penalties or other distinct features. Your goal should be to get a full picture of the full cost of the transaction.

Once you understand what you've been offered, you can compare quotes and begin negotiations. Yes, you can negotiate. Remember that there are literally hundreds of lenders out there vying for your business and you should not settle for something that leaves you feeling nervous or uncomfortable. Do your homework and you shouldn't have to.

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