questions to ask lender when buying first home

5 top mortgage questions You Should Ask Your Lender. Greg Lewerer. Time to "A" Your Way to an Easier Home-Buying Experience. Mortgages are confusing, seriously, but with these simple answers and the strong recommendation of finding a top-notch mortgage banker, this process could be easier.

When it comes to home buying. list. Ask a lot of questions of your realtor. There really should be no question to big or small to ask, whether its strategizing about a putting together a.

Lenders may answer as low as two weeks, but realistically it could take up to two months. Whatever the answer, check with your real estate agent that the loan officer’s timeline is sufficient. What Borrowers Forget to Ask. Buying a home may not be the only time you work with a loan officer.

It can be a seller’s market, a buyer’s market or a neutral market. If your market is on fire and smokin’ hot, you might not have enough time to ask any questions before that home is sold to somebody else. Ask your agent to give you professional insights into the type of market.

5 Top Mortgage Questions You Should Ask Your Lender Greg Lewerer | May 18, 2018 Most people know a mortgage is some kind of loan thingy that a bank gives you to buy a house, and in return you have to give them monthly payments for the rest of your life.

Tip #5 – Get Serious About Your Credit Score. Lack of a good credit score can be one of the biggest obstacles a first time home buyer will have to conquer when buying a home. Generally, a first time homebuyer with a higher credit score will have a better shot at securing a mortgage loan with a low interest rate, meaning lower monthly payments.

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Buying a home is exciting, but there are hoops you’ll have to jump through before you can call yourself a homeowner. Between organizing your financial documents, applying for a mortgage and scheduling an appraisal, the process can make your head spin.Asking some key questions along the way can make navigating the waters easier.

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