What questions should I ask a lender?

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  • เผยแพร่เมื่อ 23 พ.ย. 2024
  • It maybe tempting to use your existing banking because you think it will be easier over the life of the loan. Makes sense, you have your checking, savings, and mortgage payments all on one platform.
    While it maybe temping to keep all your banking on one platform there are some great advantages to working with a local lender such as: quick response time, they work on weekends when you're most likely looking for houses, they can get you a better rate, and it really doesn't matter if you have another platform you will most likely set up auto-payments so you just set it and forget it!
    No we do not get any kind of kick backs or monetary compensation if you use one of my recommended lenders. Why do I recommend them then? Because I know what they can do and how they can give you the best rates.
    I always recommend reaching out to at least two lenders to compare their offers side by side. Don't worry about your credit, the first lender will pull your credit then for 90 days after that if you apply with another lender your credit isn't hit.
    Top questions to ask lenders:
    Do they have loan origination fees?
    do you charge me underwriting fees?
    Do you have Processing Fees?

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