The Most Frequently Asked First-Time Homebuyer Questions

Mortgage and Lending with US Bank NMLS: 22343

The Most Frequently Asked First-Time Homebuyer Questions


I realize it may seem daunting to ask what you feel may be the simple or even, er, "stupid" questions when you are a first-time homebuyer.  But by all means, DO NOT let your "pride" get in the way.


Questions like:


  • What is a pre-approval and how long is it good for?
  • Do I need 20% down?
  • Will applying for a mortgage hurt my credit?
  • Should I shop multiple lenders?
  • What's the best type of loan to get?
  • When can I lock an interest rate?
  • How much are closing costs?
  • How does my lender get paid?


You'd be surprised to realize how many would love to know these answers and this short, fun video below covers each of them.


Still haven't found what you're looking for?



Rob Spinosa
SVP of Mortgage Lending

Guaranteed Rate
NMLS: 22343 
Cell/Text: 415-367-5959


Marin Office:  324 Sir Francis Drake Blvd., San Anselmo, CA  94960 

*The views and opinions expressed on this site about work-related matters are my own, have not been reviewed or approved by Guaranteed Rate and do not necessarily represent the views and opinions of Guaranteed Rate.  In no way do I commit Guaranteed Rate to any position on any matter or issue without the express prior written consent of Guaranteed Rate's Human Resources Department.

Comments (1)

Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Apr 16, 2023 02:53 AM