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Questions to Ask When Choosing a Lender

 

Loan terms, rates, and products can vary significantly from one company to the next. When shopping around, these are a few things you should ask about.

General questions:

What are the most popular mortgages you offer? Why are they so popular?

Are your rates, terms, fees, and closing costs negotiable?

Do you offer discounts for inspections, home ownership classes, or automatic payment set-up?

Will I have to buy private mortgage insurance? If so, how much will it cost, and how long will it be required?

What escrow requirements do you have?

What kind of bill-pay options do you offer?

Loan-specific questions:

What would be included in my mortgage payment (homeowners insurance, property taxes, etc.)?

Which type of mortgage plan would you recommend for my situation?

Who will service this loan—your bank or another company?

How long will the rate on this loan be in a lock-in period? Will I be able to obtain a lower rate if the market rate drops during this period?

How long will the loan approval process take?

How long will it take to close the loan?

Are there any charges or penalties for prepaying this loan?

How much will I be paying total over the life of this loan?

 

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Our Focus is You

Dick Clark 2

"The very best part of this business is meeting new people! Spending the majority of my career in Human Resource Management and Consulting, I truly enjoy the interactions with customers and potential clients. I have been a Realtor since 2002. I started Dick Clark Real Estate, LLC in August of 2007 and continue each day to strive for Customer Satisfaction with each transaction."

- Dick Clark

 phone icon  419-695-1006  phone icon419-230-5553  phone icon  dc@dickclarkrealestate.com