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Home Mortgage Questions

Posted on Monday, April 11, 2022 in Mortgage Lending

4 Questions to Ask When Seeking a Home Loan

Buying a house for the first time or fourth time can sometimes be a daunting task.  A March 2022 Axios Harris Poll found that “49 percent of those polled said they were intimidated by the steps to buying or selling, and 44 percent said they wouldn’t even know where to start.”

If you’re in the market for a new home, one of the first steps would be to speak to an experienced mortgage lender. First National Bank’s lenders are here to help on your homebuying journey. They offer a no-cost, no-obligation consultation that can explain what’s required when seeking a home loan.

Woman with questionsWe realize meeting with a mortgage lender may feel a bit awkward at first; but, be assured First National Bank’s lenders will make you feel right at ease and are anxious to get to know you and answer all your questions. There’s never any obligation or pressure, and they’re always looking out for their customer’s best interests. It’s What Banking Should Be.

Before you meet, jot down the questions that are weighing on your mind. Getting answers will put you at ease and increase your knowledge about the homebuying process. Asking questions most relevant to your unique situation will enable the lender to provide you with the most specific answers.


The following are four of the most common questions homebuyers ask that might also be on your mind.

  1. How do I get pre-qualified for a mortgage loan? Specifically, what factors will be used to determine my eligibility for a loan. You might also ask how long the process takes so that you can begin working with a real estate agent in your home search. 
  2. What types of mortgage loan options are available? It’s important to understand which loan type and term makes the most sense for you.
  3. What are current interest rates and loan origination and closing fees that I will be responsible for paying? This answer will vary depending on the type and term of the loan that you are interested in acquiring.
  4. How much will I need for a down payment? Your down payment represents a percentage of the total cost of the property. You finance the remainder of the cost through your mortgage loan. Different loan types require different down payment amounts.  

First National Bank’s mortgage lenders will be with you every step of way during the loan process, keeping you well informed. Schedule your appointment today, contact a loan expert.

  1. first-time homebuyer
  2. home buying
  3. mortgage loan
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