Does it feel like you need a crystal ball to choose a lender for your new home. We have some tips that are a bit more scientific. Print out this list of questions and take it with you when you interview or research lenders. If you need assistance with a real estate sale or purchase, please let Platinum Realty Network show you what we have to offer you.
Loan terms, rates, and products can vary significantly from one mortgage lender to the next. When shopping around, these are a few things you should ask about.
What are the most popular mortgages you offer? Why are they so popular?
Are your rates, terms, fees, and closing costs negotiable?
Do you offer discounts for inspections, home ownership classes, or automatic payment set-up?
Will I have to buy private mortgage insurance? If so, how much will it cost, and how long will it be required?
What escrow requirements do you have?
What kind of bill-pay options do you offer?
What would be included in my mortgage payment (homeowners insurance, property taxes, etc.)?
Which type of mortgage plan would you recommend for my situation?
Who will service this loan—your bank or another company?
How long will the rate on this loan be in a lock-in period? Will I be able to obtain a lower rate if the market rate drops during this period?
How long will the loan approval process take?
How long will it take to close the loan?
Are there any charges or penalties for prepaying this loan?
How much will I be paying total over the life of this loan?
Platinum Realty Network is pleased to help you find the perfect home. We will stand by you during the home buying process. Give us a call and let us help you find the home you desire. We will earn your trust.