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What questions do I need to ask?
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checka
She's here!
Member since 5/05 1769 total posts
Name:
Me
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What questions do I need to ask?
What questions do I need to ask when calling around to mortgage companies to find the best mortgage for us?
TIA
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Posted 9/8/05 6:58 PM  |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: What questions do I need to ask?
How much are the lender's fees
How many points
How long is the rate lock good for
How much does it cost to extend the rate lock
Are you a direct lender or are you a broker
If you are a direct lender... do you sell of the mortgage after its serviced
If you are a broker... what banks do you normally work with
Get a good faith estimate
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| Posted 9/8/05 7:33 PM |
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checka
She's here!
Member since 5/05 1769 total posts
Name:
Me
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Re: What questions do I need to ask?
Posted by DjPiLL
How much are the lender's fees
How many points
How long is the rate lock good for
How much does it cost to extend the rate lock
Are you a direct lender or are you a broker
If you are a direct lender... do you sell of the mortgage after its serviced
If you are a broker... what banks do you normally work with
Get a good faith estimate
Thank you. I learned the hard way that I have to ask the bolded question 
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| Posted 9/8/05 7:43 PM |
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