✅Are you a first time home buyer wondering how to get the best mortgage interest rate when buying a home? How do you find a reputable experienced lender? Why is it important to shop for a mortgage lender? Where do you start when getting pre-approved to buy a house? What questions should you ask when talking to a lender when buying a house? In this episode, we are going to address all of these questions about shopping for a mortgage lender as well as the questions below to help you become The Educated HomeBuyer.
⏩Watch This Next ⏩10 Red Flags To Look Out For When Working With a Mortgage Lender - https://youtu.be/letpxf6GqGM
✅If you need to get pre-approved, you need to find a lender and you need to be able to get a valid, accurate rate quote ✅Why is it important to shop for a lender? ✅How do you find a good lender? ✅What questions should you ask when talking to a lender? ✅What should a prospective lender ask you on the first call? ✅Where does the rate fit into choosing a lender? ✅Besides rate, what should you be asking about and looking at (fees)? ✅What is Box A on the loan estimate? ✅Why is Box A important? ✅Do the other boxes on the LE matter when shopping for a purchase mortgage? ✅Should a lender give you a loan estimate if you haven’t applied for a mortgage? ✅Is a fee sheet an acceptable alternative? ✅Why is it important to shop for rates between lenders on the same day? ✅With specific types of loans, how important is experience with the program? ✅How do you know if the lender you are talking to has the experience you need? ✅Why does your Realtor care who you use for your loan? ✅Does your Realtor get a kickback if you use “their lender”?