Friday, April 14, 2006

10 Questions to Ask Your Lender

What are the most popular mortgage loans?
What are the differant types of mortgages availaible?
Are any of your rates, terms, fees, and closing costs negotiable?
Will I have to buy private mortgage insurance?
If so how much will it cost and how long will it be required?
Who will service the loan?
Your bank or another company?
What escrow requirements do you have?
How long is your loan lock-in period?
How long will the loan approval process take?
How long will it take to close?
Are there any penalties for prepaying the loan?

If you need to talk to a Lender, Brian Levitan from Midwest Equity Financial Services can help. His Direct Line: 630-649-2150 or Email: irefiem@ameritech.net

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