7 Questions To Ask Your Lender To Get The Best Loan (For Beginners)

Summary

Before getting a loan for a property, hosts should ask their lender about processing fees, interest rates and discount points, how much they qualify for based on savings and credit score, the lender's ability to lend in the target location, how long the rate lock is good for, and total closing costs. The author recommends a general ballpark number of budgeting 2% of the purchase price for closing costs.