Courtesy of Dan Saunders, REALTOR®

Ten 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 make? Why?
2. Which type of mortgage plan do you think would 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 is usually 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, www.realestatechecklists.com.

Click here for printer-friendly format

Contact Dan

Call me now!  I am an experienced, dedicated Real Estate Consultant and available to answer your questions.  With an eye for detail and an honest and friendly staff, we are 100% committed to providing you the quality of service to meet your needs. 

My Team has specialists in all phases of real estate:  Mortgage, Title Insurance, Real Estate Investments and Commercial fields. 

We derive our business through Referrals from business associates, past and present clients, friends and family members.  Your contact will be responded to as soon as possible.

Please fill out the form below for a no-hassle search for the property you desire.

Be sure to include your valid e-mail address and/or phone number for responses.

Dan Saunders, Realtor®
941-539-5929 
Email - Scroll to bottom of page to email me directly.

Be the first to receive new listings that fit your criteria
(including location, price range, etc.)