Ask your lender these 6 questions before signing the dotted line

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Before you commit to a mortgage, make sure you’re asking the right questions!🏡✍️

Your lender plays a huge role in your home-buying journey, and understanding the details upfront can save you money (and stress) in the long run.

Here are the 6 most important questions to ask your lender before signing the dotted line:

1️⃣ What type of loan is right for me?

Not all loans are created equal! From conventional to FHA, VA, and USDA loans, each comes with different requirements and benefits. Make sure you understand which loan best fits your situation.

2️⃣ Do I qualify for any down payment assistance programs?

Many buyers (especially first-time buyers) are eligible for grants or assistance programs that can help with down payments or closing costs. Don’t leave money on the table—ask about available options!

3️⃣ What will my monthly payment be (including taxes & insurance)?

Your mortgage isn’t just your loan amount—it includes taxes, insurance, and possibly HOA fees. Get the full breakdown to avoid surprises.

4️⃣ What will the (APR) annual percentage rate be?

Your APR includes your interest rate plus additional lender fees. Knowing this number gives you a better picture of the true cost of your loan over time.

5️⃣ Are there any hidden fees or prepayment penalties?

Some loans come with extra costs like origination fees or penalties for paying off your loan early. Ask upfront so you’re not caught off guard!

6️⃣ How long will this loan process take?

Timelines matter—especially if you’re on a tight closing schedule. Ask about average processing times and any potential delays so you can plan accordingly.

Thinking about buying a home? Let’s chat! I can connect you with trusted lenders who will walk you through the process and find the best loan for your needs. DM me to get started! 📩💬

#MortgageTips #AskYourLender #HomeBuyingQuestions #RealEstate101 #FirstTimeHomeBuyer #HomeLoan #RealEstateAdvice