Saturday, July 29, 2006

Questions to ask Lenders Part II

What escrow requirements do you have? For example: number of days in advance of closing that money has to be deposited, form money must be in.

How long is your lock-in period (the time that the quoted interest rate will be honored) Will I be able to obtain a lower rate if rates drop during this time.

How long will the loan approval process take

How long will it take to close the loan.

Questions or comments write or email
eugene.dougherty@realliving.com

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