How Does the Lender Protect Home Buyers’ Interests?

Ask these questions to find a lender that will advocate for you, perhaps adding services that protect home buyer’s interests.

• Will you be at closing to answer additional questions about my mortgage obligations and the loan documents I am required to sign?
  
• What processes are in place if you or your company make a mistake? For example, what are your policies about fee reimbursement?
  
• If you sell my loan, how might that process benefit or harm me, especially related to follow-up services?
  
• How can you help me maximize the tax deductions of my closing expenses?
  
• When might you recommend that I refinance my mortgage to reduce costs and/or to enhance equity?
  
• How aggressively will you work to help me avoid sub-prime interest loans?

When looking for a lender, make sure you cover each of the question categories: 

General questions to ask a lender
How does the lender protect home buyers’ interests?
What information does the lender disclose?
How does the lender handle closing costs and other fees?