Buying a home is undoubtedly one of the biggest purchases you will make in your lifetime. It’s important to thoroughly research ahead of time, especially as you begin the mortgage process and working with a Katy TX lender.
However, finding a lender you trust can be a process in itself, not to mention remembering to ask the proper questions. Below I’ve included five great questions to ask Houston area lenders this year as you prepare to buy a home in Katy TX and the surrounding communities.
1. Is now a good time for me to buy?
A lender will look at your financial situation and determine if now is the best time for you to buy a home.
2. Which debts should I pay down first? And how soon?
Taking into consideration your high-interest debts and loans, a lender will determine which will help get you a better interest rate and how soon you should begin paying them in order to secure one.
3. How much will I have to pay at closing?
Each loan comes with its own set of closing costs, so be sure to ask your lender about those that apply to yours.
4. How do I pay at closing?
Inquire about the method of payment for closing costs when the time comes.
5. Who services my home loan?
Mortgage loans are often serviced by third-party, so make it a priority to ask who will be overseeing yours.
Choosing a lender is one of the most important steps in the home buying process and these questions are just the beginning. Give me a call today for more information about homes available in the Houston TX area or with questions about getting started as a buyer.
I look forward to hearing from you!
Mickie Cioccia | Broker Associate