Home Loan Mortgage

Questions To Ask A Loan Officer When Buying A House

How Much Does Pmi Cost Per Month FHA Mortgage Insurance | Annual FHA MIP Rates | LendingTree – Private mortgage insurance, on the other hand, can be dropped after you reach 20% equity in your home. How to get rid of FHA mortgage insurance. Up until 2013, you would generally stop paying the annual mortgage insurance premiums once your average outstanding balance dipped to 78% of the original value of your loan.

Questions to Ask When Buying a House – Home Ownership – If you bought a house with no maintenance issues big or small, let us know. That would be one for the record books. In reality, most homeowners find a problem, quirk, shortcoming, whatever, within the first couple of months. To actively ferret out your home’s trouble spots and head off headaches, know the right questions to ask before you buy.

100 Questions Every First-time home buyer Should Ask: With. – 100 Questions Every First-Time Home Buyer Should Ask: With Answers from Top. Guidel to Buying Your First House. by Ilona Bray J.D. Paperback $16.99.. however as a mortgage banker and loan officer this book was indispensable.

5 Questions to Ask Before Choosing a Loan Officer | Personal. – To find a loan officer you trust, ask about fees and their longevity in the business. Even so, it’s a good question to ask, according to Jack Guttentag, a professor emeritus of finance at the University of Pennsylvania’s Wharton School who runs an informational website on mortgages called mtgprofessor.com.

Conforming Jumbo Loan Rate Some borrowers who struggle to secure a jumbo loan may be able to qualify for a conforming loan and use a second piggyback mortgage plus put more cash down to get below the conforming loan limits, which are $484,350 for a single-family home throughout most of the country and $726,525 in designated high-cost areas.

15 Mortgage Questions to Ask Your Lender | GOBankingRates – Knowing what to ask a mortgage lender will help you navigate the process of getting a loan and buying a home with confidence. Armed with these important mortgage questions to ask, you’ll be ready to call the moving company in no time. gabrielle olya contributed to the reporting for this article.

Preapproved vs. Prequalified: Which Is Best When You’re House Hunting? – Before you can buy a house. to provide some of the documentation their loan officer will use when it’s time to underwrite the loan,” Simmons says. “This is a good opportunity to ask the lender.

top 10 questions To Ask Your Client Upfront – Tidewater. – Top 10 Questions To Ask Your Client Upfront By Taylor Kelly Getting to know your real estate clients will pay big dividends when it comes time to find the perfect home for the perfect price.

7 Tips to Close Your Mortgage Faster – When you’re looking to buy. ask questions as soon as you have them to avoid a delay further down the line. Questions are expected in the mortgage approval process, so you should never feel.

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One big closing cost to ask about is the origination fee. This is a fee that is intended to cover the costs of processing the mortgage. Ask your mortgage lender about their origination fees and what internal costs they use it to cover. If you’d like to, you can negotiate this fee.

Buying A Home Can Be Incredibly Overwhelming: Deconstructing The Scariness – In my last piece from September 14, I wrote about determining the “best time” to buy a home. to apples when it comes to the loan in question. Is it a 30-year fixed? A 5-year ARM? Ask your mortgage.