Thursday, December 1, 2011

For the First time Home Buyer: Questions for the Lender

So you decide to purchase the home....One of the first thing you need to do is to meet with a Lender to determine how much home you can buy....
You have an appointment to meet with the Lender....then you wonder what are some of the questions I ask?
"OMG ....I have a brain freeze!!"   Do you ...then let me help you out..here are some questions you can ask

What types of loans do your offer?  Fixed Rate or adjustable rate? 
What is your current  interest rate for a  30 year fixed rate loan?
Does the loan require mortgage insurance premium or  private mortgage insurance?
Can you lock in the rate?

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