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Questions To Ask Loan Officer

Asking a loan officer pointed questions can help you understand the loan you are about to take and if it's right for you.

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Here are some questions to ask before choosing a loan officer. Even so, it’s a good question to ask, according to Jack Guttentag, a professor emeritus of finance at the University of Pennsylvania’s Wharton School who runs an informational website on mortgages called mtgprofessor.com.

Top 4 Questions to Ask Your Mortgage Lender 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.

They will also ask you about your career goals and whether you see yourself doing this same job or switching careers five or ten years down the line. To be better prepared for your interview, go to Mock Questions where you will find a list of questions that interviewers usually ask applicants applying for a loan officer position.

Check out these frequently asked mortgage questions and get answers to things you may be curious about when it comes to shopping for a home loan.. mortgage lender Reviews; Loan Officer Directory; Personal Loan Lender Reviews. and the bank may ask for more information from you or the seller.

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Questions to expect from mortgage lenders. You might have to answer tough, personal and seemingly trivial financial questions. The best thing you can do is to be prepared. "You should be ready to explain any discrepancies in your credit history such as late bill payments, being turned over to a collection agency, or a bankruptcy," says Don Boop,

Let's face it, it's much more fun to search for homes online and attend open houses than it is to research your home loan. After all, what's not to.

A loan officer typically works on commission or salary provided by their institution. “[They] will ask you about your savings, your income and other relevant questions, and run a credit report. If.

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