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Questions to Ask Your Lender

Questions to Ask Your Lender
Michele Gastl
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  • What other fees, besides points, will I be required to pay?


  • Will my new loan have a prepayment penalty? (If it does, you will have to pay a small fee if you refinance in the years ahead.)


  • Can you provide a comparison of a no-cost loan to one that charges fees?


  • How long will it take to close the deal?


  • Can I lock in my rate?


  • If refinancing isn't right for me, can I modify my existing loan?

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