Ask your lender these 5 questions

Buying a home is a big deal, so having the right team on your side is important. Your lender is one of those key players.

Before you sign on the dotted line, here are a few questions you should ask your lender before you buy a home:

**What type of loan do you recommend for me? **

This will help you understand the different types of loans available and choose the one that's right for your financial situation and needs.

Do I qualify for any down payment assistance programs? 

If you're struggling with a down payment, programs may be available to help you. Your lender can tell you more about your options.

**What is the annual percentage rate (APR)? **

The APR tells you the true cost of your mortgage, including interest and fees. It's important to compare the APR from different lenders before you choose a loan.

**Can I lock in an interest rate? **

Locking in your interest rate can protect you from rising rates. Be sure to ask how long the rate lock will last and if there are any fees associated with locking in a rate.

**What will my monthly payment be? **

This is a big one! You need to ask exactly, down to the penny, what your monthly payment will be so you can budget accordingly. Be sure to ask about the total monthly payment, including principal, interest, taxes, and insurance (PITI).

**What will my closing costs be? **

Closing costs are the fees you'll pay to finalize your mortgage. These costs can vary depending on the loan amount and location.

There are others, but this list is a great place to start. Feel free to save this post for later, or, even better, share it with a friend who's starting their own home-buying journey!

As always, let me know if I can help in any way. That's why I'm here!