Ten Questions to Ask Your Lender
Be sure you find a loan that fits your needs with these comprehensive questions.
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What are the most popular mortgage loans you make? Why?
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Which type of mortgage plan do you think would best for us? Why?
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Are your rates, terms, fees, and closing costs negotiable?
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Will I have to buy private mortgage insurance? If so how much will it cost and how long will it be required? NOTE: Private mortgage insurance is usually required if you make less than a 20-percent downpayment, but most lenders will let you discontinue the policy when you’ve acquired a certain amount of equity by paying down the loan.
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Who will service the loan? Your bank or another company?
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What escrow requirements do you have?
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How long is your loan lock-in period (the time that the quoted interest rate will be honored)? Will I be able to obtain a lower rate if they drop during this period?
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How long will the loan approval process take?
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How long will it take to close the loan?
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Are there any charges or penalties for prepaying the loan?
Used with permission from Real Estate Checklists & Systems, www.realestatechecklists.com.
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Contact Annisha
If you are a buyer, please submit your "wish list" of must-haves. We will calendar an intake call.
If you are a seller, your address is sufficient for me to pull closed sale comps. We will calendar a walk-through of the property.
If you are a renter and NOT working with an agent, please complete the form below for a list of properties. PLEASE ENTER A BUDGET. NO PRICE RANGE = NO IDEA WHAT YOU CAN AFFORD.
If you are a Housing Choice or subsidized housing participant, please enter your expected move in date, your Housing Authority, your voucher size, the voucher expiration date, TTP or S8/Rent Burden figures. I will then send you a list of available rental properties, photos and qualifications. Upon receipt of your selections, I will coordinate showing dates/times.
PLEASE NOTE: Due to the overwhelming demand for rentals, we can not hold a home without a refundable good faith deposit. I am a Realtor® not a scam artist. I will not lose my license over your refundable good faith deposit. Once you are approved, I bring the deposit to your move-in and perform a walk-through with the owner/agent. If you are denied, we can apply your deposit to your next choice OR holding Broker will refund it. If you do not want to secure your deal, I can not help you. No one is holding homes in this HOT marketplace with just your voucher. Trust me. Not happening. I am getting several offers overnight on listings.