9 question which you should ask to your mortgage lender| ACHNET

When choosing a mortgage lender more is at play than merely the interest rate. Sure that's important and just as important, if not more so, is knowing about ALL of your home loan options.

Before chatting with a mortgage professional be sure to jot down the questions or simply refer back to this video for great questions to ask a mortgage lender.

For your convenience and ease of watching your favorite parts of this video, here's a timeline:

Tips for Finding a Great & Reputable Mortgage Officer

0:55 - Be a Smart & Savvy Shopper

2:00 - Find a Reputable Lender

2:29 - How to Know if Your Lender is Reputable

Questions to Ask When Choosing a Mortgage Lender

4:07 - Based upon our goals, what loan options do you recommend?

4:48 - What is the Interest Rate?

6:05 - Do Your Offer Rate Locks & How Does it Work?

7:08 - What are Points & Did You Factor Them Into My Home Loan Quote?

9:24 - What are My All-In Costs?

11:18 - Does My Loan Have Any Pre-payment Penalties?

11:30 - Where Does the Underwriting Process Occur?

12:26 - How Long Does it Take You to Close on My Loan & What is Your Successful Closing Ratio?

14:47 - After My Home Loan Closes, Does Your Brokerage Sell My Note?

Thank you for watching! =)

This video originally appeared here.

9 Questions to Ask Your Mortgage Lender!