10 Questions to Ask Your Lender

Find a loan that fits your needs with these comprehensive questions.

  1. What are the most popular mortgage loans in today's market? Why?
  2. Which mortgage plan do you think would best for us? Why?
  3. What are your rates, terms, fees, and closing costs?
  4. Will I need private mortgage insurance? If so, what is the cost and for how long will it be required?
  5. Do you service your own loans or are they generally sold?
  6. What are the escrow requirements?
  7. How long far out (for how long) can I lock a loan?
  8. How long until full underwritten approval?
  9. How long does it take to close a loan?
  10. Are there charges/penalties for prepaying this loan?

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