Video: Questions to Ask Your Mortgage Lender

Monday Nov 23rd, 2020


Questions to Ask Your Mortgage Lender

The mortgage business is highly competitive with many loan options to choose from. 

Before selecting a lender, or a loan, here are some questions you should be asking…

  • What types of mortgages are available?
  • What are the interest rates and annual percentage rates?
  • What are the origination fees and discount points?
  • What guidelines are used to qualify for this loan?
  • Are there any other costs related to the loan?
  • Is there a pre-payment penalty?
  • What documents will I need to provide?
  • How long will it take to process my loan application?
  • Will my loan be sold after the closing?
  • Do you offer rate locks? And, if so, for how long?

Getting answers to these questions will help you fully understand all the terms and conditions of your mortgage.

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