Before You Hire a Mortgage Professional . . .

A highly ethical mortgage professional will openly welcome the opportunity to educate you on your mortgage options.

Ensure that you are working with an informed lender by insisting on understanding the answers to the following questions.

1. Are there local and federal programs that I may qualify for to help regulate fees, terms, and interest rates on my loan?

2. How many special city, county, state and federal loans has your office been able to offer to your clients and successfully close in the past year?

3. Is the interest rate quoted based solely on my credit score, or is there some other criteria that I should understand?

4. If the rate being quoted is not based on my credit score, then what is the interest rate based on?

5. Is the fee that I am being charged the only fee that you, the lender, will receive for this loan?

6. Is there a pre-payment penalty on this loan? If so, how does choosing a loan with a pre-payment penalty work to my advantage?