Start the Home Mortgage Process by Asking Questions When Searching for a Lender.
- Do you represent a broker or finance company? If so, how do they get paid?
- What are my loan options?
- How long have you been offering these types of loans?
- What are the fees associated with the application and approval process?
- Will you sell this loan?
- Will you keep my information secure? How?
- How accessible are you in the event of questions?
Additional Questions:
- What is your current interest rate? How can we get the rate lower?
- What is the highest rate my adjustable-rate mortgage can increase to?
- Will my rate change over the length of my loan?
- Can we lock in my rate?
- What is the Annual Percentage Rate (APR)?
- What are the fees and funds needed to close?
- How did you arrive at my good faith estimate?
- What will my monthly mortgage payment be?
- Can I prepay the loan? Are there penalties?
- Can you explain private mortgage insurance? Do I need it?
- How long will it take to close?
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Please feel free to contact me if you have any questions, or would like recommendations on Mortgage Lenders. Direct: (908)337-8709
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