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Lender Questionnaire

1. the average number of days it takes for you to issue a firm loan approval?

Are the rates you are quoting today go

1. What is od 30 days from now?

2. If we are locked-in and rates go up, what is your policy if our rate lock expires?

o What is the index on the adjustable rate you’re quoting?

o Can you give me a 24-month history on the movement of that index?

o What is the margin associated with this loan?

o Is this the best index to have? If so, why?

3. What are the total fees associated with our loan?

o What is the difference between points and an origination fee?

4. How will this loan affect my financial goals?

o How do I know what loan is best with regard to how long I’ll be in the home?

5. Are you closing at least 100 loans a year and/or how long have you been in the business?

6. Can I be pre-approved prior to purchasing the property?

7. What is the APR on this program?

8. What percent of the loans you take close?

9. Can you provide the names of 5 past customers I can contact who have used your services?

Closing Statement: Even if you don’t use me, I am interested in helping you get the best overall deal.