Are you feeling nervous about talking to a lender because you’re not sure what to ask? Maybe you don’t fully trust the process. As a lender myself, I get it. That’s why I’m sharing the essential questions you need to ask when getting pre-qualified for a home. Believe me, I’ve seen friends make mistakes by not asking these, and it’s cost them big time.

1. Ask How a Mortgage Loan Works

If you’re unfamiliar with how the mortgage process works, ask your lender to explain it. The ease with which they can break it down shows their experience. If they can’t explain it simply, that’s a major red flag, and you should probably look elsewhere.

2. What Programs Fit My Needs?

Have a budget in mind? Your lender should be able to find programs that match it. It’s their job to help you find a loan that works for you, so make sure they’re putting in the effort to offer options that fit your financial plan.

3. Do I Qualify for Down Payment Assistance?

Even if you don’t think you need down payment assistance, it’s always good to ask. It could be a helpful safety net if something unexpected comes up, and it never hurts to compare your options.

4. What’s My Estimated Monthly Payment and Cash to Close?

When sticking to a budget, these are the two figures you must know. Make sure your lender can give you clear estimates on your monthly payments and how much cash you’ll need to close. This ensures you’re aligned as you move forward in the homebuying process.

Don’t Get Caught Off Guard

Asking the right questions gives you control and confidence in your homebuying journey. If you’re ever unsure, feel free to reach out. I’m here to help you ask the questions that matter!