First, make sure you are working with an experienced, professional loan officer. The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting the issues that may arise along the way. But how can you tell?

Research is an important component of any large transaction.  I’m sure you’ll agree that a home mortgage is one of, if not the largest financial investment a person will make in their lifetime.  I’m sure you’ll also agree that given the importance of this investment you would want an industry professional that, quite frankly, knows their industry! 

With that in mind here are FOUR SIMPLE QUESTIONS YOUR LENDER ABSOLUTELY MUST BE ABLE TO ANSWER CORRECTLY.  IF THEY DO NOT KNOW THE ANSWERS… RUN… DON’T WALK… RUN… TO A LENDER THAT DOES!

1.)  What are mortgage interest rates actually based on? 

2.)  What is the next Economic Report or event that may cause interest rates to move?  

3.)  When Bernanke and the Fed “change rates”, what does this mean… and what impact does this have on mortgage interest rates?

4.)  What’s happening in the market today and what do you see in the near future?  In other words, do you have access to live, REAL TIME, mortgage bond quotes? 

CLICK HERE FOR THE REAL ANSWERS!!!