Corona Del Mar and Newport Coast Real Estate

When you ask the questions below, listen carefully to see if the lender is answering in a straightforward way, without using jargon you don't understand. When you ask about fees, do they include them all voluntarily? If you think they are trying too hard to push you in a certain direction, go elsewhere.

About the Lender

• Are you licensed by the state?
• Whom do you represent (e.g., a bank, broker, finance company)?
• What are your loan programs? Do you offer VA loans (for example)?
• What is the par rate (the actual rate for a particular loan) for a 30-yr. fixed loan? (He should have the answer at the tip of his tongue.)
• Can you estimate and explain your fees?
• Would you get approval for my loan locally?
• Are you going to hold this loan or sell it?
• Can I see a Good Faith Estimate?

Additional questions for online lenders:

• Is there someone I can talk to whenever I need to?
• How are you keeping my info secure?
• Do you sell my information?

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