Athen Apaquette

Buying a home or investment property can be overwhelming.

To help make the process easier, here is a list of 14 questions to ask your lender:

1. How fast can I get pre-approved a loan?

2. Is the loan guaranteed?

3. What is the guarantee?

4. When is the rate locked-in?

5. Will you give me the locked rate in writing?

6. How long is the rate locked-in for?

7. Do you offer a rate float down and when? (A rate float down will protect you if you lock in a loan and the rates drop).

8. Do you guarantee your fees?

9. Are you related or get paid by the realtor or their broker?

10. Do you offer a ZERO cost loan?

11. How long have you been in the business and with this company?

12. Do you have another job?

13. Do you own a home and for how long?

14. Do you underwrite/approve the files in-house or does my file go to another location?

To know why these questions are important, and my answers feel free to contact me.