MORTGAGE LENDER QUESTIONS FOR FIRST TIME HOME BUYERS:
Buying a house can be intimidating for first time homebuyers and we are here to help. Below is a list of the most common mortgage lender questions from first time home buyers.
CREDIT SCORE QUESTIONS:
When it comes to a mortgage, the borrower’s credit score can be the make-or-break factor in qualifying for a loan. It can also dramatically affect the interest rate, as well as the variety of mortgage programs that are available to a borrower.
MORTGAGE LENDER QUESTIONS ON INTEREST RATE:
For most borrowers looking for a mortgage, the first question is “What’s the interest rate?” The interest rate can make a major difference on the monthly payment and therefore the loan amount that a borrower can qualify for.
Refinancing a mortgage seems straightforward. While everyone’s needs are different, there are common mortgage lender questions that many borrowers have about refinancing options and the best time to refinance:
FHA LOAN QUESTIONS:
While FHA Loans are some of the easiest types of mortgage loans to qualify, it’s not always cut and dry.
VA LOAN QUESTIONS:
The VA loan program is an amazing benefit provided for members of our armed forces and their families. While the advantages of the VA mortgage are well deserved, there are still plenty of questions that can come up with this loan.
Co-borrowers are common when getting a mortgage, but having multiple incomes, assets, credit scores and liabilities, can add some complexity. Especially when it comes to knowing what you can qualify for.
MISCELLANEOUS MORTGAGE LENDER QUESTIONS: