Mortgage loans as a OOS investor? - Q's about rates

[Teho Kim]

I'm nearly complete assembling my team in Indianapolis as an out of state investor. I've been preapproved by a place called MJW LLC, however am not seeing a mention of rates. Is this something I ask now, or will I be told what my rate is later down the road when purchasing the house?

On that note, I am not very educated on mortgages. Should I be going w/ an LLC? Would going to a big bank be better? Am I even limited to local banks or can I look outside of Indianapolis? And can somebody please educate me or point me in the right direction on what mortgage terms are good to see for an investor? Basically what am I looking for in a good mortgage contract?

I know this is alot and thank you for your answers!