5 Must-Ask Questions for Your Lender Before Buying a Home

Buying a home is one of the most exciting milestones in life—but let’s be real, the financing side of things can feel overwhelming. That’s why asking the right questions upfront is key to making the process as smooth (and stress-free!) as possible.

Before you dive into house hunting, grab this quick cheat sheet and make sure your lender answers these five essential questions:

1️⃣ What’s the Best Loan Type for Me?

Every buyer’s situation is unique, and there are several loan options available—FHA, VA, conventional, jumbo, and more. Your lender can help tailor the best fit for your financial goals.

2️⃣ What’s My Interest Rate and APR?

Your interest rate directly affects your monthly mortgage payment, while the APR gives you a broader picture of the total loan cost, including fees. Knowing both helps you plan your budget wisely.

3️⃣ What Are the Total Costs?

Beyond your down payment, there are closing costs, lender fees, and prepaid expenses to consider. Ask for a breakdown so there are no surprises on closing day.

4️⃣ How Much Down Payment Do I Need?

Many buyers assume they need 20% down, but there are options with much lower requirements! Your lender can explain what’s available based on your credit and loan type.

5️⃣ How Quickly Can I Get Pre-Approved?

In a competitive market, timing is everything. Getting pre-approved before you start your home search gives you a strong advantage when making an offer.

As your real estate agent, I’m here to guide you through every step of the process. From connecting you with trusted lenders to negotiating the best deal on your dream home—I’ve got your back!

Thinking about buying soon? Let’s chat and get you started on the right path!