If it’s your first time buying a home, or you’re looking to start over, knowing the right questions to ask your lender will put you ahead of the game.
Here are a couple of questions to keep in mind:
✔️Do you have an origination fee?
An origination fee provides additional profit for the lender beyond what’s built into the interest rate. A good follow-up question: What are all of your lender fees?
✔️What other costs will I pay at closing?
Fees charged by third parties, such as for an appraisal, a title search, property taxes, and other closing costs are paid at the loan signing. These costs will be detailed in your official Loan Estimate document and your almost-time-to-sign Closing Disclosure. But the sooner you know what they are, the better you can shop, compare — and prepare — for them.
Are you looking for a reputable mortgage specialist? I would be more than happy to recommend a few. DM me for more info!
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