Ten Questions to Ask Your Lender

Be sure you find a loan that fits your needs with these comprehensive questions.

  1. What are the most popular mortgage loans you make? Why?
  2. Which type of mortgage plan do you think would best for us? Why?
  3. Are your rates, terms, fees, and closing costs negotiable?
  4. 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.
  5. Who will service the loan? Your bank or another company?
  6. What escrow requirements do you have?
  7. 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?
  8. How long will the loan approval process take?
  9. How long will it take to close the loan?
  10. 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.

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