What to ask your lender when getting a loan

When showing homes in Boulder Colorado to first time home buyers, I often get the following question, “Do you know a good lender?” Of course I do, and I usually recommended three that I have done business with over the years. It’s best to interview at least three mortgage companies to find the best fit for you. But then what? Because now is the time to buy in Boulder and the surrounding areas, homebuyers are abundant and many have never been to a lender before. Recently at an open house, a couple of first-time homebuyers asked me what they were supposed to ask the lender at the interview. It’s a great question and many first timers make the mistake of not asking the right questions, so I came up with some of the most popular questions to ask a lender regarding a loan.