Ryan Gillen - Real Estate Consultant

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Smart Questions to Ask a Home Lender

Recent news stories about so-called ‘subprime’ loans illustrate that it’s a good idea to shop carefully for a loan, especially one whose payment amount won’t abruptly increase and jeopardize your ability to make monthly payments and possibly lead to foreclosure.

 

If you’re shopping for a loan, here are some important things to ask a prospective mortgage broker:

 

  • What will his total compensation be from you and the lender for the loan he helps you to get?

 

  • How will her compensation vary depending on what type of loan you choose or which lender makes the loan?

 

  • Is he willing to work for a flat fee agreed to in advance and to rebate to you any additional compensation he receives from the lender?

 

  • How many lenders does she work with on a regular basis? Do any of them account for a majority of her business?

 

If you are thinking of purchasing a home, I can help you. I have a team of professionals to help you select a loan that will be best for your needs.

 

If you are considering a refinance, a home evaluation can give you a good idea of what your home is worth and I can give you a general price range right online based on recent sale prices of comparable homes in your area. For a more precise estimation of value, I can drop by for a quick review of your home.

 

Please phone or email me for more information. I am happy to help you, your family and friends.
 
 
Thanks,
 
Ryan Gillen
 
7807008355
 
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