There are some important questions that every borrower should ask his lender before deciding on a home mortgage. Finding the best home mortgage can be a tough process. Any change in interest, even if for a few points, can affect the payments by thousands of dollars. Here we take a look at seven specific items you can add to your list – “Questions to Ask Mortgage Lender.” For a first time home buyer, the answers to these questions could mean the difference between finally owning a home, or not.
Questions to Ask Mortgage Lender for the First Time Home Buyer
1. What is the interest rate?
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