5 Key Questions to Ask your Mortgage Lending Company

Buying a home and taking a mortgage is once in a lifetime thing for most people and therefore, you need to make sure that you are working with the right mortgage loan company. Choosing one of the best online mortgage lenders will require a lot of research and asking the right questions. But, most people are not generally aware of these right questions.

So, here we give you 5 key questions to ask all shortlisted mortgage lending companies before finalizing one.

1.       What can I expect?
This question covers the basic overview of the entire process. How things will move forward and the overall steps of the process.

2.       What Paperwork will be needed?

The next thing to ask is what documents will be required for the process. Most lenders will typically ask for two years of W-2s, two recent pay slips, and two recent bank statements. It is also a good idea to keep your tax return statements handy, especially if you are self employed.

3.       When will you close?

Get an idea of by what date or in how many days will the process be over and you’ll get the keys to your new home. At All Western Mortgages, we pride ourselves on the efficiency of our process and get you the keys to your new home as quickly as possible.

4.       How often will I receive the updates?

Ask your loan expert the modes of communication and the frequency of them. Effective Communication is extremely important for the fulfillment of the mortgage process.

5.       How can I avoid delays?

Ask your home loan expert about the dos and don’ts that you must keep in mind while the mortgage process is underway.

The satisfactory answers to these questions and effective communication will help you find the right home loan expert/lending company. So, pick up your phone and call AllWestern Mortgage at 702-850-2790 and fire away your questions. Our home loan experts are waiting for your call.