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Mortgage Questions to Ask Your Lender
Buying and financing a home today can be overwhelming. Here are some questions to ask your lender so that you can make informed decisions. Are both fixed-rate and adjustable mortgage loans available? What is the interest rate? How long can I "lock-in" the financing at the current interest rate? Is a float down lock available in case rates drop after I have locked in? What are the other fees a lender may charge me in conjunction with my loan? Are funds for a second mortgage available? On adjustable loans:
This involves extra charges for paying off the loan before maturity. About 80% of all loans in the United States are paid off early.
Leanna Meyer is a Realtor with Re/Max Cross Country and can help you find Lewisville Texas Real Estate. Find homes for sale and area information for Flower Mound Texas, Lantana, and Dallas, TX. Free buyer and seller reports are available as well as a mortgage calculator, and other mortgage information.
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