questions to ask loan officer

questions to ask loan officer

Questions that a good loan officer should ask you during the. – Any "order taker" could ask these same questions, complete a loan application, and submit a loan for you, with no regard for your long term goals or needs. A good loan officer is much more than an "order taker" and will ask the questions that help him/her understand your long term goals as well as current needs.

10 Essential Questions to Ask Your Mortgage Lender Before. – These two questions to ask your mortgage lender are important in the application preparation phase. The conversation with your loan officer.

A conforming loan simply means that the loan meets standards set by Fannie Mae and Freddie Mac, including loan limits. A nonconforming loan is one that exceeds those limits, which is why it’s often referred to as a "jumbo" mortgage. Most lenders opt for a conforming loan as it’s easier to insure and/or sell.

for rent to own houses Kim Kardashian To Hold Down 5 Years Rent For Freed Man Who Was Denied Housing – When Charles was denied housing in Nashville due to his criminal record, kim kardashian heard about his story and privately reached out, offering to pay his rent. buy a house of his own.

Questions to Ask Your Loan Officer – Your loan officer should ask you several questions before offering advice or suggesting a loan that’s right for you. For example, they may ask you how long you plan to live in the home, whether you are subject to job relocation or transfer, how much money you want to have left over after you.

how to buy a forclosed home A foreclosed property – also known as Real Estate Owned (REO) – is a home that was once customer-owned but has been turned back to the mortgage holder as the result of a foreclosure action or acceptance of a deed-in-lieu of foreclosure.

ICICI-Videocon loan case: Chanda Kochhar, her husband appear before ED; grilled for 8 hours – While it was not immediately known as to what was the ED’s line of questioning, sources said that the two were required to assist the investigating officer (IO. are also expected to be asked.

fha mortgage rates arizona Mortgage Calculator Arizona – Arizona Down Payment Assistance – Mortgage insurance is common on conventional loans with less than a 20% down payment and on FHA loans. The current fha mortgage insurance rate is .85% for the annual premium. Our Arizona mortgage calculator uses that rate for our calculation.659 credit score mortgage myFICO Loan Center: Free Info on Loans & Interest Rates – myFICO is the consumer division of FICO. Since its introduction over 25 years ago, FICO Scores have become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use FICO Scores to make consumer credit decisions. >> About myFICO

5 Questions to Ask Your Loan Officer Before Refinancing a Home refinance is a loan that pays off the balance of your current mortgage. With this type of loan, you can access your home’s equity or get more favorable terms on your mortgage.

Realtors and Loan Officers – asking amazing questions can help you get more clients, have smoother transactions, and close more deals.

19 Mortgage Job Interview Questions & Answers | Masterson. – Whether you’re a loan officer or credit investigator, you need to nail your job interview before you can land your dream job. And if you want to leave the best impression with leading employers, prepare with these 19 common mortgage job interview questions and answers.

down payment on home FHA down payment assistance programs are available to home buyers and 87% of U.S. single-family homes potentially qualify. For example, the VA home loan guaranty program doesn’t require mortgage insurance, so if you use a VA loan, making a low downpayment won’t matter.

Punjab to bear Rs 450cr burden by loan waiver of 2.60L landless farm workers – The final decision about the loan waiver would be taken only after complete information comes in,” said the officer. The cooperative banks have been asked about specific details of the principal loan.

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