Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 10 years ago, 08/15/2014
Questions for lenders
I am getting ready to call around to banks to find out what they offer for loans. I am looking for loans for foreclosures. I have downpayment money and possible money for renovations Here is a list of questions (in no particular order) What else should i ask?
What loan products do you have?
203k
FHA
Homepath
Homestyle
What is the interest rate/apr on morgages?
Are you a portfolio lender?
What do closing costs look like with you?
Is there a prepayment penalty?
What is minimum dp for each loan?
What are the qualifying guidelines?
How much are you paid?
What am i paying in points?
What are the monthly payments?