What To Ask Your Lender Before You Sign On With Them

Aside from your realtor, your lender will be one of the people that you work the most closely with when you’re buying a home. Before you even sign on with a lender, there’s a few questions that you should ask. Don’t feel pressure from a certain lender before you understand what their areas of expertise are. You don’t want to end up with homebuyer’s remorse because you didn’t do the right research before you signed the deal on a home.   

Can You Tell Me About Programs For First Time Homebuyers? 


There are so many great programs for first-time homebuyers. If the lender you choose can’t help you with these programs, maybe this isn’t the right lender for you. If your lender lacks knowledge in the areas that you need, you probably want to shop around.

How Can You Help Me Qualify For The Loan I Need?

Many times, loans have very specific qualifications that you need to meet. Even if you think you might not meet those requirements due to things like a low amount of down payment or a job change, your lender can often help you to find the details in your situation to help you qualify for a loan. For example, you may have recently changed jobs, but if you have stayed in the same field, your lender can help you to explain these circumstances so that you can still qualify for the loan. 

Are There Downpayment Assistance Programs Available?


There are also many programs and loan types available to help buyers get a home with less than a 20% downpayment. Some loans offer good interest rates with less than a 20% downpayment. There are also many grants and downpayment assistance plans available. It’s important to ask questions to know the right information for your loan circumstances.

What Fees Do You Charge?


Some lenders do charge an array of fees. You don’t want to sign on with a lender and then close on the loan, only to find out that you’re knee-deep in fees in addition to all of the closing costs that you have to pay along with the home purchase. 

How Will You Communicate With Me

Just like your Realtor, it’s important that your lender communicates with you in a timely manner. Buying a home requires that documents and offers are in on time to secure your home. Don’t let anything fall through the cracks by hiring people on your home search that may lapse in their communication with important information.

Single-Family – 124 East Hawley Road Hawley, MA 01339 now has a new price of $225,875!

Looking for a move-in ready home in a very private location? You’ve found it. There’s a spacious wrap-around deck for outdoor entertaining and watching wildlife. Then enter through sliding doors to a well designed open floor plan with large windows for natural light, cathedral ceiling and oak flooring. Many improvements in the past year including new kichen counters, bathroom renovation, hybrid hot water heater, new stove and trees removed for larger level yard.There’s a 1st floor master bedrm. and 2 bedrms. and full bath on the second floor.All concrete walkout basement with room for your workshop or more living space.Also a separately partitioned garage at basement level.A year round or vacation home 2 miles from year round recreation in Charlemont fishing & rafting on the Deerfield River, skiing, biking, hiking, hunting, and coaster and zipline rides.Golfing in Ashfield. Theater in the Berkshires. COME LIVE WHERE YOU CAN PLAY TOO! and yes there is cell service!

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Single-Family – 25 Lakeview Rd Shutesbury, MA 01072 now has a new price of $90,000!

Two bedroom, one bath ranch being sold “AS IS” Peaceful backyard abutting stream. Large kitchen with fireplace with wood stove, wood floors & skylight. Storage/laundry room on first floor. Cozy interior. Cathedral ceiling and wood stove in living room. Storage shed and chicken coop.

This is a Ranch style home and features 5 total rooms, 1 full bath, 2 bedrooms, 0.93 Acres, and is currently available for $90,000.

For complete details click here.