Questions To Ask Lender | When Buying First Home

Ask how long a lock lasts (typically 15–60 days) and if there are associated fees.

Inquire if you can get a lower rate ("float down") if market rates drop before you close. Questions to Ask When Choosing a Lender questions to ask lender when buying first home

The APR includes both the interest rate and the fees required to originate the loan, providing a truer cost of borrowing. Ask how long a lock lasts (typically 15–60