Mortgage Brokers & Lenders
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Updated almost 3 years ago on . Most recent reply
Questions to ask lender as I am I a first time home buyer
What are some questions I should be asking a lender? I'm a first time home buyer...
So far I have:
- Are their any first time home buyer grants I can take advantage of in my state? (I'm investing in Maryland)
- Are all title and transfer fees paid by the seller?
- Is the interest Rate variable or fixed?
- Are there any penalties for making multiple payments a month or paying off early?
Any thoughts and or experience would be much appreciated!
Most Popular Reply
Quote from @Tom Fitzsimmons:
What are some questions I should be asking a lender? I'm a first time home buyer...
So far I have:
- Are their any first time home buyer grants I can take advantage of in my state? (I'm investing in Maryland)
- Are all title and transfer fees paid by the seller?
- Is the interest Rate variable or fixed?
- Are there any penalties for making multiple payments a month or paying off early?
Any thoughts and or experience would be much appreciated!
Those are great! I would also add make sure you go with a lender who can close, don’t necessarily go with a lender who gave you the cheapest rate, read online reviews, ask around about who good lenders are etc.