Most people that begin the homebuying process don’t have much experience when it comes to securing a mortgage loan, and they lean on the lender to make sure they’re getting all the information they need.

While most lenders will provide you with everything you need, not everyone will ask the questions that will help you best determine what mortgage will fit you and your family best. In this episode, Bill is going to share a few of the questions that your lender should be asking you. If they aren’t or haven’t, it could raise a red flag and should require some additional conversation.

We’ll also talk a little about the debt ceiling in our market update and how that’s impacting rates right now. Plus, we’ll tackle a question about whether a 20% down payment on a home is necessary for your next purchase.

Here’s some of what we’ll discuss in this episode:

0:00 – Intro

1:24 – Market Update on the Debt Ceiling

6:24 – Questions your lender should be asking

18:02 – Mailbag: Is 20% down necessary?

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If you have questions about the mortgage process of buying a home or the ins and outs of refinancing, take advantage of our complimentary 15 minute mortgage consultation.

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