Finding the right mortgage and lender is a big process with lots of questions. These are a few to consider asking:

1. Is your company a mortgage banker or a mortgage broker? (a banker lends its own funds while a broker searches mortgage sources and arranges for you to receive financing from the lending entity.)
2. What is the name, phone number and email address of the person who will actually be processing my loan application and how accessible is that person?
3. Tell me about all loan fees.  What fees do I pay up front and what fees will I have to pay at closing?
4. Are there loans available with no origination fees?  No closing costs? Reduced closing costs?
5. What information must I provide to get a mortgage loan?
6. What documentation will I have to provide?
7. How long will it take to get complete and unequivocal loan approval and be ready to close?
8. I plan to stay in this house for ____ years.  Can you show me the breakdown of any ARM loans you offer vs. fixed-rate loans to see which could save me the most money in my situation?

Note: You have the right to receive a good faith estimate within 3 business days of completing your loan application. Remember to ask for this.