CA mortgages : CA mortgage rates and home loans

Start Planning

The planning process begins when you first have the idea that you want to purchase or refinance a property. It is important to find a loan consultant with whom you are comfortable, who you feel is looking out for your best interests and who will take into account your overall financial picture in working with you. Make sure it is someone who is well-qualified, who has competitive rates and programs and good company support. It should be a person with whom you can communicate easily. Good communication during the loan process is important, so that you are educated and informed throughout the transaction.

If you are purchasing real estate, you will also want to select a Realtor just as carefully.

In addition to your loan consultant and Realtor, other professionals who can contribute to the planning process are your CPA, financial planner, insurance agent, or an attorney who specializes in trusts, taxes, or family law.

One of the items you will want to determine in discussions with these professionals is how you intend to hold title to your property. Some ways to hold title are as sole owner, tenants in common, community property, joint tenants, or in the name of a trust. How you hold title may have legal or tax ramifications, so it is important that you understand which way is the best for you.

The more information you have at the beginning of the process, the better able you will be to make a good decision regarding your real estate finance. Your loan consultant will then help you select the best loan product for your transaction.