Questions To Ask Lender When Buying First Home May 2026

Compare options like (stable payments) versus Adjustable-Rate (lower initial rates that change).

Ask how long a lock lasts (typically 15–60 days) and if there are associated fees. questions to ask lender when buying first home

The APR includes both the interest rate and the fees required to originate the loan, providing a truer cost of borrowing. questions to ask lender when buying first home

When buying your first home, asking the right questions helps you move from a simple transaction to a strategic partnership with your lender. questions to ask lender when buying first home

Inquire if you can get a lower rate ("float down") if market rates drop before you close. Questions to Ask When Choosing a Lender