What Information Does the Lender Disclose?
Who knows what, and when, affects real estate negotiations. Ask these questions to find a lender whose information disclosure policies protect your interests as much as the law allows.
- How might you disclosures to an appraiser help or harm my financial interests?
- What information are you required to provide other parties (the property owner, the real estate agents, etc.) about my loan, loan application, appraisal or lender repair requirements?
- What kinds of property defects or adverse environmental conditions must be repaired or cured before approving and funding the loan?
- If I pay for a copy of my credit report and appraisal report, how quickly will you provide copies?
When looking for the right lender, make sure you cover each of these additional question categories: