10 Questions to Ask Your Lender
Find a loan that fits your needs with these comprehensive questions.
- What are the most popular mortgage loans in today's market? Why?
- Which mortgage plan do you think would best for us? Why?
- What are your rates, terms, fees, and closing costs?
- Will I need private mortgage insurance? If so, what is the cost and for how long will it be required?
- Do you service your own loans or are they generally sold?
- What are the escrow requirements?
- How long far out (for how long) can I lock a loan?
- How long until full underwritten approval?
- How long does it take to close a loan?
- Are there charges/penalties for prepaying this loan?
