What To Ask A Lender

Choosing the right lender is about establishing a relationship and then learning some important things about policies and overall processes. These general questions will help you start the conversation.

• What sets you apart from other mortgage brokers and lenders?
• What subsequent financial or other planning services will you provide after the loan closing? When will you offer those services?
• Do your mortgage services include financial benefits that extend beyond closing to encompass the whole time I own my home?
• Will you provide a list of past borrowers or other references?
• How will you ensure that I am reasonably protected and informed throughout the loan process?
• Will you help me evaluate how the various available loan programs might realize the most possible equity if I resell my property?
• What process does your company have in place for resolving disputes or disagreements?

Once you get the conversation started, you'll also want to ask questions about how the lender advocates for the home buyer. You'll also know how it handles disclosure, as well as closing costs and other fees.