What you should ask your lender/loan officer before making an offer 1


Things you may want to ask your lender before making an offer:

You are making an offer on a home and are getting a loan. Here are some important things to ask a lender. You may want to read my related posts “what you may want to know about a property“, “what to ask your Realtor“, and “what you need to make an offer

  • How much am I approved for?
  • What kind of loan should I get?
  • How much should I (do I need to) put down?
  • What are the closing costs for my loan at $XXX,XXX.00 purchase price?
  • What is the monthly payment for this loan at $XXX,XXX.00 purchase price?
  • How long will it take to close the loan? How long for a verifiable loan commitment?
  • What is the application fee and will it be refunded at closing?
  • What is the current interest rate for my loan type and what is a rate lock?
  • What are discount points and how much do they cost?
  • Since I’m buying a home at a very low price, what is the lowest loan amount you will give?
  • What are the restrictions for condition on a property for my loan type?

About Joey Marino

Professional and personable Realtor based out of Canton Ohio, selling real estate in all of Northeast Ohio. Stark County's most technologically savvy Realtor. Connect with me on any social network.


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