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Questions to ask mortgage broker/bank

Discussion in 'Finance and Investment' started by VuDOo, Mar 12, 2007.

  1. VuDOo

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    I'm going to call numerous banks and mortgage brokers in the city where I match and am wondering what questions to ask them. Does anyone have a list of questions or know of a website that provides a checklist to follow?
     
  2. mshheaddoc

    mshheaddoc Howdy
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  3. The White Coat Investor

    The White Coat Investor Practicing Doc and Blogger
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    Why are you calling them? Why don't you ask them the answer to that question?

    Just kidding. I assume you're trying to get the best deal you can on a mortgage. Remember that they will all lie to you on the phone to get your business. It is almost impossible to get quotes from various banks/brokers that you can use to compare them because the rates change on a daily basis (sometimes more often.) So if you don't get a hold of someone on the same day as someone else, you're comparing apples and oranges.

    If you go with a broker, consider using an "upfront mortgage broker." If you go with a bank, ask if they are willing to give you an upfront statement of expenses. Learn more at mortgageprofessor.com.
     
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