Before you even begin to talk to a mortgage broker or mortgage lender about an FHA loan you should have all your ducks in a row. Now more than ever, it is more difficult to get approved for a home loan or a mortgage refinance. Therefore, if you follow these steps, you will have an easier time with the mortgage process.

Things To Ask Your Mortgage Broker Or Loan Officer.

1. Discuss all the types of FHA or government loans that are available with your loan officer including types of loans, and types of documentation required. If you need a bad credit refinance, this is very important.
2. Tell your loan officer that you will only take a fixed rate FHA mortgage out. Right now, mortgage interest rates are at or near historic lows. Obtaining anything other than a fixed rate mortgage now would be contrary to rational thinking.
3. Ask your loan officer exactly what documentation will be needed for your FHA loan before you begin the application process. Having all your needed documents up front will avoid delays and speed up the process.

2. Ask your loan officer what exactly his or her fees are. Then ask if they are negotiable. Hint, they are almost always negotiable.
3. If your loan officer tries to sell you on a loan that seems to good to be true it most defiantly is so run the other way. FHA loans should be straight toward.
4. Ask how long the process will take. A loan should not have to take more than 30 or 45 days.

5. Tips

   • Don’t let your loan officer try to lend you more than you think you can comfortably pay back every month. You want to feel very confident that you can repay your loan easily without stress.
   • Get Several offers from different lenders. This will insure that your are getting the best deal.

   To Instantly get for different interest rate quotes from four different lenders, we recommend
   LendingTree Mortgage Loans . Their rates beat the national average.