When shopping for a mortgage lender, it's essential to ask detailed questions to find the best fit for your financial situation and goals. Here are the top 8 questions to ask:

1. What types of loans do you offer, and which one would you recommend for my situation?

   • This helps you understand the variety of loan products available and get professional advice on the best option for you.

2. What are your current interest rates and APRs for different types of loans?

   • Comparing interest rates and APRs across lenders ensures you get the most competitive rate.

3. What are your fees and closing costs?

   • Request a detailed breakdown of all fees and closing costs to understand the total cost of the loan and compare with other lenders.

4. How much down payment do you require?

   • Knowing the down payment requirement helps you assess if you have sufficient funds or if you'll need to adjust your savings plan.

5. Do you offer rate locks, and what are the terms?

   • Understanding rate lock policies helps protect you from interest rate fluctuations during the loan processing period.

6. Are there any prepayment penalties or other hidden fees?

   • Ensure there are no penalties for paying off the loan early or any other hidden fees that could impact your financial planning.

7. What is your loan processing timeline?

   • Knowing the expected timeline for loan approval and closing helps you plan your home purchase more effectively.

8. Can you provide references or testimonials from past clients?

   • Hearing about other clients' experiences can give you insight into the lender's reliability and customer service.

Our partners offer low rates, low fees, and local underwriting, so we can close loans quickly.