Home Buying with Confidence (Part 2) - What Home Buyers Should Ask Lenders

Описание: Now that you should know where to start the process let’s get you set up with some questions that you should be looking to get the answers to!

In this video you will find some important questions to ask lenders when trying to find out what you have options to, who you should work with, as well as determining which lender can put you in the best position as a home buyer. While I do not go through everything you can ask I do hit some key things to help make your decision a little easier. Ultimately the lender you decide to work with should be covering everything you need to know.


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First Question Begins at (2:18)

Home Buying with Confidence (Part 1):
   • Home Buying with Confidence (Part 1) - The...  


Other Things To Think About:

One thing I didn’t mention is that you should make sure to work with a lender that works in the area in which you want to buy a home. They will be familiar with the escrow process, terminology, and taxes in that particular area.

FHA or government backed loans operate differently than conventional loans. Make sure to find out how exactly. In relation to this ask about mortgage insurance or PMI and how it works between the two different types of loans.

If you are in Northern California you also want to inquire about Mello Roos. This applies to newer homes so you need to ask the lender how this will affect your purchase price and your monthly payment.

Other items that are not included in the down payment or closing costs that a buyer will have to pay when buying a home are inspections (home, roof, pest, sewer line, etc). Your agent would be able to help you find out how much you would need to spend for these