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Steve: (402) 300-0547 Scott: (402) 300-2659 Megan: (402) 443-6008
Kettelhut Office: (402) 729-3060
How Big a Mortgage Can I Afford?
10 Questions to Ask Your Lender
10 Things a Lender Needs From You
Choices That Will Affect Your Loan
10 Questions to Ask Your Lender  

Be sure you find a loan that fits your needs with these comprehensive questions.

  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 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?
 

Used with permission from Real Estate Checklists & Systems (http://www.realestatechecklists.com).

Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®
Copyright 2005 ©. www.REALTOR.org/realtormag

 


This data was last updated on Mon Dec 10 14:32:33 EST 2018. The data is subject to change or updating at any time without prior notice. The data is deemed to be reliable but no warranties of any kind, express or implied, are given. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is provided in part by the Internet Data Exchange (IDX) program of the Tri-County Board of Realtors┬«, Inc. The listing firm is identified in the detailed listing information. Copyright © Mon Dec 10 14:32:33 EST 2018 Tri-County Board of Realtors ®, Inc.
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515 E Street
Fairbury, Nebraska 68352
Phone:  (402) 729-3060
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