Treat the lender interview like a job interview. Here are the five questions you must ask:
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What is the interest rate vs. the APR? (APR includes fees, making it a more accurate comparison).
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What are the “origination fees” and are they negotiable?
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How long does your average closing take?
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Are there any prepayment penalties? (Avoid these).
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Will you be servicing my loan, or will it be sold?