Five questions to ask a lender

Five questions to ask a lender

Prospective homebuyers should interview more than one lender, ask the right questions, and compare the answers. There is no best mortgage. The conditions and rates that work best for one household may not be ideal for another.

LendingTree asked over 300 lenders on the LendingTree Network this question: “In your professional opinion, what is the best questions all borrowers should ask their potential lender?” The top five answers are:

1. What are the total costs involved with the loan?

2. What is the best program for me, based on my financial goals and situation?

3. What documents will be required ahead of time to avoid delays?

4. What are the service ratings for your company, and where can I find them?

5. How long have you (the loan officer and the company) been in the mortgage business?

“Consumers have very little confidence that they will be able to qualify for a mortgage, let alone find a great deal when it comes to a home loan,” says Doug Lebda, chairman and CEO of LendingTree. “But with rates as low as they are, borrowers have the opportunity to tap into substantial savings. If you have the right information, know what to do and what to avoid, there’s no need to be intimidated or shy away from the process.”

© 2012 Florida Realtors®

I can help you find just the right home. Give me a call or send an email with what your looking for and I will get the process started for you.

Rob Skeel , Realtor- e-Pro - Cell --305-393-6300 Email--rob@robskeel.com
Century 21 Schwartz Realty--877-660-4637

SEARCH ALL KEYS HOMES at www.RobSkeel.com