The top questions to ask your loan officer will vary depending on many factors, however there are some questions that will fit nearly everyone's list of top questions to ask your loan officer.
First and foremost you will want to ask the lender what is the maximum mortgage you would qualify for. This has to be one of the top questions to ask your loan officer because the response will frame your home search.
Another important question is asking what the present interest rates are and what your monthly payment estimate will be. Remember, just because you can qualify for a certain mortgage does not mean you will be comfortable with the associated monthly payment - try to frame your home search based on these considerations.
Among the top questions to ask your loan officer are the different loan packages available to you including adjustable rate loans, fixed rate loans, option arm loans and so forth. Also speak to your loan officer about avoiding PMI through the use of loan combinations rather than a single loan.
You should ask your loan officer about lock-in procedures, paying points to lower interest rates and so forth.
It is important that you feel comfortable enough to ask your loan officer any and all questions and whatever you find important at the time, or whatever it is you need further clarification on immediately becomes the to questions to ask your loan officer.
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