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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? |
