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Top Six List : What questions should be asked prior to your mortgage application....
 

 
The one million dollar question.  Should you talk to a realtor first and find out what houses you could buy or should you speak to a loan officer first to get your financing options in place? 
Speak to a loan officer first.  Time again, I get consumers coming to me after they found a house and need to settle on it prior to being qualified for a mortgage.  Don't you want to know what your payment is?  What it might cost you at settlement?  Never assume.....  
Just a FYI :  FHA loans might even be your easier way into a home nowadays. I still have some loans officers that tell me differently or the consumer differently.  There are now even penalties if you have a credit score below 720. Yes, 720.  If your lender is not FHA approved, how do you know that you are getting the nest possible mortgage? Besides, FHA loans are another way to get into the home with little or no money out of pocket.
Overall, you need to have a slight understanding of what types of mortgages are out there as you speak to a loan officer. So, now onto the top ... more

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