What questions do lenders ask for a mortgage?

 Below are the mortgage questions you should ask your lenders before buying a mortgage.

  • Which type of loan is most suitable for you?

  • What is the interest rate and annual percentage rate?

  • How much of a down payment is required?

  • What are the discount points and origination fees?

  • What are all the costs?

  • Can you get a loan rate lock?

  • Is there a prepayment penalty?

  • Is the lender equipped to approve loans in-house?

  • How much time do you need to fund?

  • Do you guarantee on-time closings?

Do you have any help regarding mortgage? You can hire Mountview Financial Solutions, A leading mortgage broker in London for your needs.

 

Original Source:- https://www.quora.com/What-questions-do-lenders-ask-for-a-mortgage/answer/Ranjit-Singh-3890/log

 



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