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10 Questions to Ask Your Mortgage Lender
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Tags: mortgage loans, loan application, questions, money
Here are the 10 key questions to ask at application time to help you find the best overall mortgage loan.
| 1. | What is the interest rate on this mortgage? |
| 2. | How many discount and origination points will I pay? |
| 3. | What are the closing costs? |
| 4. | When can I lock the interest rate and what will it cost me to do so? |
| 5. | Is there a prepayment penalty on this loan? |
| 6. | What is the minimum down payment required for this loan? |
| 7. | What are the qualifying guidelines for this loan? |
| 8. | What documents will I have to provide? |
| 9. | How long will it take to process my loan application? |
| 10. | What might delay approval of my loan? |
Lister:
Andrea
Source:
Bankrate.com
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