2. What type of mortgage products do you offer? Understand whether they offer fixed-rate mortgages, adjustable-rate mortgages (ARMs), FHA loans, VA loans, etc., and which might be best for your situation.

3. What are the total closing costs? Get a breakdown of all fees associated with closing the loan, including origination fees, appraisal fees, title insurance, etc.

4. What is the annual percentage rate (APR) for the loan? The APR includes both the interest rate and certain other loan fees, giving you a better picture of the total cost of the loan.

5. What down payment is required for this loan? Different loans may require different down payment percentages.

6. Are there any prepayment penalties? Some loans charge a fee if you pay off the mortgage early. Clarify this to avoid surprises.

7. What documents are required to complete the application? Understanding the paperwork needed helps you prepare in advance.

8. How long will the approval process take? Knowing the timeline helps you plan accordingly, especially if you have a deadline to close.

9. Can you estimate monthly payments for different loan terms? Understand what your monthly payments would be for different loan durations (e.g., 15 years vs. 30 years).

10. What factors could delay approval or closing? Knowing potential roadblocks can help you anticipate and avoid delays.

11. Do you offer rate locks? A rate lock guarantees a specific interest rate for a specified period, protecting you if rates go up before you close.

12. What happens if my credit score or financial situation changes before closing? Understand how changes might affect your loan approval or terms.

13. Can you explain the loan estimate and closing disclosure documents? These documents outline the terms of your loan and closing costs, so it's important to understand them fully.

14. Are there any special programs or incentives I might qualify for? Lenders may offer programs for first-time homebuyers, veterans, or other groups.

15. How will you communicate with me throughout the process? Clear communication is crucial, so establish expectations for updates on your loan application.

Ready to talk to a lender? Get started with our trusted lender, Jacob Page, from PrimeLending. He is your go-to mortgage originator! Although he was born and raised in Rochester NY, Jacob is licensed in all 50 states! He loves helping buyers achieve the dream of homeownership and specializes in loans with investors, first-time home-buyers, and repeat buyers. Click here to contact him today! 

Have questions about the home-buying process or ready to work with a trusted real estate expert? Don't hesitate to reach out! Click here to contact one of our team members! 

Happy home shopping!