When you choose to buy a home, putting together a team of people you trust to help you move through the process is important. One of the most important people on your team is your lender. Whether they work for your bank, are a national conglomerate or are a local company you found based on reputation, there are things you need to find out from them as you take steps toward your goal.

Here are a few things you should remember to discuss when you sit down to determine if they are the lender for you.

-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?

This will help you understand the options you have as the borrower and can open up a number of potential programs you can utilize.

-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 APR from different lenders before you choose a loan.

-Can I lock in an interst 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 the rate.

-What will my monthly payment be?

This is important! Down to the penny for you to budget accordingly. Be sure to ask about the total monthly payment, including principlal, interest, taxes and insurance reffered to as (PITI).

Also, if you need a referral, let me know. I can help you find someone if needed.