Most of us only buy a small number of homes in our lifetime. With limited experience in real estate we need to make sound decisions. Selecting your lending company will be one of your most important decisions when you purchase or construct your home. You should be aware that there is a difference in lenders and there are questions to ask them. Your lender needs to live up to your standards in quality, price, and customer assistance. Below are a few questions you should ask your lender.
1 Is your lender a cash or collateral lender?
2 What are the lenders process and procedures?
3 Are loan approvals done in house and locally?
4 What documents are required at application?
5 What is the current interest rate?
6 Are there any maturity fees if the loan needs to be extended?
7 Is the loan rate fixed or is it variable?
8 What additional documents are necessary for the closing?
9 What time frame can be expected for the approval process?
10 What are the up front fees in the loan process?
There are plenty of good reliable lenders in the area and we feel that Contractors Capital is the leader. Please call one of our competent loan officers to answer all of your questions at 763-784-3400 or visit our website at www.contractorscapital.com.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.