Important questions to ask you lender to help you find the best mortgage loan. Once you've asked each lender these questions compare the results, this should help you in choosing your lender and mortgage loan that works for you.
1. What is the interest rate on this mortgage?
2. How many discount and origination points will I pay?
3. When can I lock the interest rate and what will it cost me?
4. Is there a prepayment penalty on this loan?
5. What are the closing costs?
6. What are the qualifying guidelines for this loan?
7. What is the minimum down payment required for this loan?
8. What documents will I have to provide?
9. What might delay the approval of my loan?
10. How long will it take to process my loan application?
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