Top 20 Mortgage Questions You Should Ask Before Buying A Home

Dated: 10/25/2017

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The largest purchase you will ever make will probably be your home in Baton Rouge or the surrounding area. It is veryImage title important to understand the ins and outs of your mortgage. Knowing what questions to ask will help reduce the confusion and save you a ton of money in the long run. There are many types of home loans and rates available to Baton Rouge home buyers.

Below is a list of theTop 20 Mortgage Questions you should ask before buying a home in Baton Rouge. Asking these questions could save you thousands of dollars on your next loan.

  1. What types of loans do you offer?

  2. Do you have a program for first time home buyers?

  3. Do you have a down payment or closing cost assistance program?

  4. What is the interest rate you are offering?

  5. Image titleHow do I know this is the best rate for me?

  6. Will you match a lower rate if I find one somewhere else?

  7. Does this rate change over the life of the loan? If so, how?

  8. If they offer you an ARM (Adjustable Rate Mortgage), Ask what is the highest rate I will pay if the rate resets?

  9. How much will it cost me to lock in a rate?

  10. What is the estimated closing cost for the loan?

  11. Can you please explain the APR (Annual Percentage Rate) and what that means to me?

  12. Am I paying points? If so, what are they and why?

  13. Am I paying PMI (Private Mortgage Insurance)? How can I get out of paying PMI?

  14. Are there any prepayment penalties?

  15. What are my monthly payments?

  16. Are you sure you can close this loan on time?

  17. After getting a loan from you, can I quickly speak with a person about my loan if I have any questions?

  18. Can you explain your fees?

  19. Will you hold my loan or sell it?

  20. Do you escrow taxes and insurance?


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We work with well-educated lenders who will help you navigate the stormy waters of home mortgages in Baton Rouge and surrounding areas.

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Jeremy Jacob

After collegiate and professional basketball careers, Jeremy knew he wanted to move on to the next chapter of his life; a chapter that involved his passion of meeting and connecting with new people th....

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