15 Important Questions First-time Homebuyers Should Ask Lenders | LowerMyBills

Learn more: https://bit.ly/3Kt6C60

When you’re ready to buy a home, one of the biggest challenges might be knowing where to start. Before looking at different properties, it’s critical to find a lender that is willing to preapprove you for an affordable mortgage.

“Homebuying is a somewhat long process, and you may need to speak to more than one Realtor or lender to identify the one that you ‘click’ with for a partnership,” says Thomas Stewart, branch manager and senior loan officer at Embrace Home Loans in Culpeper, Virginia. “However, you should definitely not begin viewing homes with a Realtor until you’ve been preapproved for your loan with a trusted, well-qualified loan officer.”

Since a mortgage can last up to 30 years, it’s a good idea to cultivate a solid relationship with your lender from the beginning. Your mortgage lender should understand your unique situation and make you feel comfortable throughout the homebuying process.

Here are the top 15 questions to ask a mortgage lender before applying for a loan.

Featuring Annie Margarita Yang, Personal Finance Writer
   / anniemargaritayang  

Follow LowerMyBills:
Instagram:   / lowermybills  
Pinterest:   / lowermybills  
Facebook:   / lowermybills  
LinkedIn:   / lowermybills  
Twitter:   / lowermybills  
TikTok:   / lowermybills  


LowerMyBills does not endorse, warrant, or guarantee any financial product, service or company and makes no representation of any rates or financial programs. The content displayed on LowerMyBills or in this video does not provide legal, financial, accounting or tax advice.