Smart Questions to Ask a Home Lender

By
Real Estate Agent with The Davidson Team - Premier One Properties

Recent news stories about so-called ‘subprime' loans illustrate that it's a good idea to shop carefully for a loan, especially one whose payment amount won't abruptly increase and jeopardize your ability to make monthly payments and possibly lead to foreclosure.

If you're shopping for a loan, here are some important things to ask a prospective mortgage broker:

  • What will his total compensation be from you and the lender for the loan he helps you to get?
  • How will her compensation vary depending on what type of loan you choose or which lender makes the loan?
  • Is he willing to work for a flat fee agreed to in advance and to rebate to you any additional compensation he receives from the lender?
  • How many lenders does she work with on a regular basis? Do any of them account for a majority of her business?

If you are thinking of purchasing a home, we can help you. Our preferred mortgage adivsor, Kevin Nelson, from Discover NCW Mortgage, would be happy to help you select a loan that will be best for your needs.

If you are considering a refinance, a home evaluation can give you a good idea of what your home is worth and we can give you a general price range right online based on recent sale prices of comparable homes in your area. For a more precise estimation of value, we can drop by for a quick review of your home.

Please phone or email us for more information. We are happy to help you, your family and friends.

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Rainmaker
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Mark Boyd
MarQeteer - Lancaster, PA

Blaine and Erin,

I LOVE this post and I love your blog!  Would you be okay with me linking to it from my coaching blog?  Most agents I talk to don't know what blogging is about and I'm constantly telling them to share a part of themselves and their interests in their blog.  Yours is just a wonderful example, and I love the way you write.  Very honest and conversational.  Anyway, please let me know if you're okay with me linking to your blog.  My blog on ActiveRain is www.activerain.com/markboyd

Take care and have a wonderful day!

Mark Boyd  GetMyHomesValue.com

Jan 31, 2008 03:01 AM #1
Rainer
55,688
Erin Davidson
The Davidson Team - Premier One Properties - Wenatchee, WA

Mark, by all means, YES, link to our blog! I tust all is well.

Cheers, Blaine

Feb 04, 2008 08:58 AM #2
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Rainer
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Erin Davidson

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