Understanding Your Experience With The Loan Process
How familiar are you with the mortgage process?
Do you have any questions regarding financing?
Are you purchasing a new home or refinancing an existing home?
Understanding Your Background And Deadline For Purchasing
How long have you been looking for a home?
Do you currently rent or own?
Have you ever purchased a home before?
Have you ever co-signed for someone who has purchased a home?
Have you been prequalified for a home?
When do you anticipate having the initial investment available for your purchase?
Do you have a specific deadline for which you want to be in your new home?
Are you currently working with a real estate agent?
Understanding The Finances Of All Borrowers
Where do you currently work, and how long have you been with your current employer?
If less than two years in a current job, how many years in a previous job?
Are you paid hourly or by salary?
What are your monthly debt obligations?
What kind of savings and retirement funds does each borrower have?
Do you know your credit score? Would you like us to run your mortgage credit report today?
Have you had any foreclosures or bankruptcies in the last seven years?
Understanding The Reason Why Refinancing Makes Sense To You
What do you want to accomplish by refinancing: lower the rate, reduce the term, take cash out?
What was the original purchase price and in what year?
Based on sales in your neighborhood, what is the estimated current value of your home?
Have you refinanced your home before?
How much do you currently owe?
Have you had any late payments in the last two years?
What would the ideal timeframe be for you to refinance your home?