Loan terms, rates and products can vary significantly from
one lending company to the next. Plus, how do you handle
closings in the age of COVID-19?
� What are the most popular mortgages you offer? Why are
they so popular?
� Are your rates, terms, fees and closing costs
� Do you offer discounts for inspections, homeownership
classes or automatic payment set-up?
� Will I have to buy private mortgage insurance? If so,
how much will it cost and how long will it be required?
� What escrow requirements do you have?
� What kind of bill-pay options do you offer?
� Do you do remote closings?
� Explain the process of closing with social distancing.
� What would be included in my mortgage payment
(homeowners insurance, property taxes, etc.)?
� Which type of mortgage plan would you recommend for
� Who will service this loan your bank or another
� How long will the rate on this loan be locked-in?
� Will I be able to obtain a lower rate if the market rate drops during the lock-in period?
� How long will the loan approval process take?
� How long will it take to close the loan?
� Are there any charges or penalties for prepaying this loan?
� How much will I be paying in total over the life of
Source: National Association of Realtors