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  • Lender Questionnaire

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    RexDavidGido
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    This document contains 13 questions about various aspects of obtaining a home loan, including questions about available loan programs and interest rates, application fees, closing costs, mortgage insurance, interest rate options, prepayment penalties, payment due dates and late fees, escrow account requirements, the loan approval timeline, contact information for questions, and the process for making payments if the mortgage is sold to a new bank.

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    This document contains 13 questions about various aspects of obtaining a home loan, including questions about available loan programs and interest rates, application fees, closing costs, mortgage insurance, interest rate options, prepayment penalties, payment due dates and late fees, escrow account requirements, the loan approval timeline, contact information for questions, and the process for making payments if the mortgage is sold to a new bank.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    9 views1 page

    Lender Questionnaire

    Uploaded by

    RexDavidGido
    This document contains 13 questions about various aspects of obtaining a home loan, including questions about available loan programs and interest rates, application fees, closing costs, mortgage insurance, interest rate options, prepayment penalties, payment due dates and late fees, escrow account requirements, the loan approval timeline, contact information for questions, and the process for making payments if the mortgage is sold to a new bank.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    1. What type of loans do you offer that would fit my needs?

    2. What is your current interest rate for a 30 year fixed loan? What other loan programs do you
    offer and recommend?
    3. What are the total application fees? How much for the credit report, appraisal fee, and
    origination fee?
    4. Will I receive a good faith estimate with al the closing costs itemized?
    5. Will mortgage insurance be charged?
    6. Can I float the interest rate and/or lock it in? what will it cost to lock the interest rate and how
    long will it last?
    7. Can I repay the loan without the prepayment penalty?
    8. When will my first payment be due?
    9. How much money will need to be set aside to start my escrow accounts?
    10. How long will it take for my loan to be approved?
    11. When are payments considered late? What is the penalty?
    12. Who should be contacted if I have questions?
    13. If my mortgage is sold, how will the process go regarding me making my mortgage payments to
    the new bank?

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