Buying a home or refinancing usually involves taking out the biggest loan of your life. It’s important to make sure you understand everything that goes into that mortgage and what will be required of you as a borrower.
Here are the most essential questions to ask your lender before you sign on the dotted line.
- What types of mortgage can I choose from?
- Do I have to negotiate the mortgage interest rate?
- Do I have to pay the lender any brokerage fees?
- What if I haven’t sold my current home yet?
- How do I deal with equity?
- How much can I borrow on my income?
- How much can I borrow based on the value of the house?
The Fico Expert can assign a mortgage specialist to you that will help navigate through the confusion of choosing the right program and make it easy to understand every step from A to Z! We fight to make sure you get the BEST MORTGAGE RATES!!