Buyers: Interview not only to find the best agent, do it to find the best lender too!
Buying a home is one of the biggest financial decisions most people make, and the lender you choose will be your partner throughout the process. It’s important to find someone you not only trust, but also feel comfortable asking questions and discussing your financial situation with. A good lender will be clear, responsive, and proactive in helping you understand your options. Taking the time to interview and compare lenders can save you stress, time, and money.
What types of loan programs do you offer, and which ones am I eligible for?
What is the minimum down payment required for the loan programs I qualify for?
Are there any first-time buyer or local programs available in my area?
What is the current interest rate you can offer me, and how does it compare to your average customer?
Do you offer rate locks, and if so, for how long and at what cost?
What are your lender fees, and can you provide a Loan Estimate with a full breakdown of closing costs?
How long does the pre-approval process take, and how quickly can you update a pre-approval letter for an offer?
Who will be my main point of contact throughout the process, and how will you communicate with me?
How long is your average closing timeline once I go under contract?
Do you service your own loans after closing, or will my mortgage be sold to another company?