10 Questions To Ask Your Mortgage Lender

10 Questions To Ask Your Mortgage Lender

  Getting ready to buy a home? Make sure you ask these 10 key questions when you submit your mortgage application:   1. What is the interest rate on this mortgage? Ask for the lender’s loan estimate, which breaks down the interest rate and fees. It will include the annual percentage rate (APR), which accounts for the interest rate, points, fees and other charges you will pay for a mortgage.   2. How many discount and origination points will I pay? Lenders may charge discount points, origination points or both. One point is equal to 1% of the loan amount....Read more