We are totally focused on
our client's needs, and we
work to realize their
dreams as if they were our
own.
Rodney and Trina Joyner
Home Team Realty
our client's needs, and we
work to realize their
dreams as if they were our
own.
Rodney and Trina Joyner
Home Team Realty
Joyner Team
Home Team Realty
| 302-629-7711 realestate@joynerteam.com |
10 questions to ask you lender
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Be sure you find a loan that fits your needs
with these comprehensive questions.
1. What are the most popular mortgage
loans you make? Why?
2. Which type of mortgage plan do you think
would 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 is usually required if you
make less than a 20-percent downpayment,
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?
with these comprehensive questions.
1. What are the most popular mortgage
loans you make? Why?
2. Which type of mortgage plan do you think
would 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 is usually required if you
make less than a 20-percent downpayment,
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?