Kayla Lynn Rees - Preferred Rate

Category: Mortgage lender in Roseville, California

Address: 3000 Lava Ridge Ct Suite 200, Roseville, CA 95661, USA

Phone: +19514147134

Opening hours

Sunday: Closed

Monday: 8:30AM–6PM

Tuesday: 8:30AM–6PM

Wednesday: 8:30AM–6PM

Thursday: 8:30AM–6PM

Friday: 8:30AM–6PM

Saturday: 8:30AM–6PM

Reviews

cpcjefe

Aug 2, 2022

Kayla Rees did an outstanding job helping support my family and I getting financing for our new home. She was on top of every document and made the process so quick and easy. I would recommend anyone and everyone to use Kayla for your new home as she is very patient and will answer any and all questions you have with the process.

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Questions & Answers

Are your offices open?

Kayla Lynn Rees - Preferred Rate | Jun 12, 2022
Kayla Lynn Rees - Preferred Rate | Jun 12, 2022

All Preferred Rate offices are open! However, we ask that you kindly call ahead to make an appointment ahead of your visit.

When do I get the keys to my new home?

Kayla Lynn Rees - Preferred Rate | Jun 12, 2022
Kayla Lynn Rees - Preferred Rate | Jun 12, 2022

This will depend on the seller’s terms. There are situations where this can be negotiated, but the keys are normally given to a buyer after the loan has funded. If you are trying to occupy your home before the loan funds, you will need to get that included in the contract. Talk to your real estate agent about early occupancy if you need to move into a home before it can close.

What happens after the loan is closed?

Kayla Lynn Rees - Preferred Rate | Jun 12, 2022
Kayla Lynn Rees - Preferred Rate | Jun 12, 2022

There are three steps in the closing process: 1. Going to signing, where those who are purchasing the home and the sellers sign all of the documents. 2. Those are sent back to the lender, who then agrees that it’s good to go and funding is approved. 3. Your loan records with the county/state. Funding is the actual act of the lender wiring the loan amount funds to the title company, who will then release the funds to the seller. Once this happens, the purchase will be recorded with the county. Once that is done, the buyer receives the keys.

What happens after I put in an offer on a home?

Kayla Lynn Rees - Preferred Rate | Jun 12, 2022
Kayla Lynn Rees - Preferred Rate | Jun 12, 2022

Depending on the terms in your offer, the seller usually has a short window of time to respond to your offer, either with a counteroffer, declination, or acceptance of your offer. Your real estate agent is your advocate in this transaction and will negotiate on your behalf, or decline a counteroffer for you. Getting your offer accepted is just one of many steps in the home-buying process.

What happens when I find a house I want to buy?

Kayla Lynn Rees - Preferred Rate | Jun 12, 2022
Kayla Lynn Rees - Preferred Rate | Jun 12, 2022

You put in an offer! First, though, you should be preapproved. The preapproval letter is a great way to show the home seller that you’re serious and that you can back up your offer. Depending on the real estate market in your area, getting preapproved before you find a home may be a good idea.

What is the debt-to-income ratio?

Kayla Lynn Rees - Preferred Rate | Jun 12, 2022
Kayla Lynn Rees - Preferred Rate | Jun 12, 2022

There are many things we take into consideration when evaluating a loan application. One main determining factor is your debt-to-income ratio. The debt-to-income ratio is exactly what it sounds like: it’s the amount of debt you have compared to your income. For example, say you and your partner make $7,000 a month before taxes (your gross income), but you have student loans, a credit card payment, and a car loan that equates to $1,000. That makes your current debt-to-income ratio would be 14.

What is a mortgage loan?

Kayla Lynn Rees - Preferred Rate | Jun 12, 2022
Kayla Lynn Rees - Preferred Rate | Jun 12, 2022

A mortgage loan, also referred to as simply a mortgage is a loan offered to a person/entity in order to purchase real property. A mortgage can also be used to place a lien on a property being mortgaged in order to raise funds for whatever reason. This is often referred to as a second mortgage.

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