The questions your loan officer doesn't want you to ask...

When you speak to a loan officer, there are a few questions you should ask.

Here's a few of them:

1- Ask the loan officer to tell you or even better ask the loan officer to send you by email all the fees. You cannot ask for all the exact numbers since you didn't talk about them yet. There are fees they will charge you or try to charge you that will be standard fee for them (Processing fees, underwriting fee etc...)

Make sure to read my article about the Good Faith Estimate! If you pay points, you may want to have those fees waived since they are just extra fees you don't need to pay. If you do business directly with a lender, usually the underwriter is right there in there office... Negotiate!

2- Make sure you get the program you asked for... If you asked for a 30 year fixed and they tell you you can get a 2/28 ARM or a 3/27 ARM, ask why! Double check the answer they gave you with another lender and make sure they know what you are doing.

I'll write more of them as they come!!!

Enjoy!