Mortgage

QWhat Basic Questions Do I Need To Ask About My Lender And My Loan?
AHere are questions you should always ask a lender when you are shopping for a loan. Are there any upfront fees and when must they be paid? Are any upfront fees refunded if you're denied a loan? Is private mortgage insurance required and what is the cost? Is an impound account required? How long will loan approval take? Does the loan have a prepayment penalty? Is the loan assumable by another qualified buyer? Will the lender issue a written commitment when your loan is approved? Will the lender require that any necessary termite or other work be completed by closing?