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?

    If you're interested in starting the home buying process, or simply have questions, please call or e-mail. Add any special requests you have in the comments section. 

ADVANTAGE JANES REALTY cooperates fully with all other real estate companies and we have access to all available listings in our area.  As experienced Real Estate professionals, we will provide the dedication, honesty, and outstanding service that each client deserves. I look forward to working with you.