10 Questions to Ask Your Lender

Be sure you find a loan that fits your needs with these comprehensive questions.

1. What are the most popular mortgage loans you offer?
2. Which type of mortgage plan do you think would be best for us? Why?
3. Are your rates, terms, fees, and closing costs negotiable?
4. Will I have to buy private mortgage insurance? If so, how much will it cost and how long will it be required? NOTE: Private mortgage insurance usually is required if you make less than a 20 percent down payment, but most lenders will let you discontinue the policy when you've acquired a certain amount of equity by paying down the loan.
5. Who will service the loan? Your bank or another company?
6. What escrow requirements do you have?
7. How long is your loan lock-in period (the time that the quoted interest rate will be honored)? Will I be able to obtain a lower rate if they drop during this period?
8. How long will the loan approval process take?
9. How long will it take to close the loan?
10. Are there any charges or penalties for prepaying the loan?

Knoxville Real Estate Home Staging | Knoxville Lake Front Real Estate | Knoxville Condos Real Estate | Knoxville Lots Real Estate | Knoxville Estates Real Estate | Knoxville Acreage For Sale
Knoxville Townhouses Real Estate | Knoxville Property Real Estate | Knoxville Tennessee Real Estate | Knoxville Realtor | Knoxville TN Real Estate | Knoxville Waterfront Real Estate | Knoxville Farms Real Estate | West Knox Realtor Real Estate | Judi Starliper Real Estate | Knoxville Luxury Homes Real Estate | Judi Starliper Knoxville Homes Real Estate | Judi Starliper Knoxville Real Estate | Judi Starliper Knoxville Area Realtor | Knoxville Home Sales Real Estate

Copyright 2012 Judi Starliper Knoxville Real Estate. All Rights Reserved