Key Questions to Ask Your Lender Sitting down with a mortgage lender can be a stressful event. But it doesn’t have to be. Don’t be afraid to ask questions even as you are giving details about your financial lives. Ladera Ranch Houses For Sale , Asking the right questions gets you invested in the process, helps you learn more about the mortgage industry, and gives you valuable information that could help you secure a better home loan. Here are a few key questions to ask your lender. What’s the Interest Rate? Your interest rate is going to be determined by factors like your credit score. As a result, it can vary widely. Make sure to ask about the interest rate, and also about the interest rate vs. the annual percentage rate (APR). How Can I Qualify For A Loan? Lenders look at a lot of factors before approving someone for a loan. They will investigate elements like your credit score, current savings, debt, income, and other details about your financial history. If you are curi...
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