10 Things your lender should have told you!

If you haven’t heard ALL of these things from your lender or broker, check your loan now or call IsMyLoanFair.com at 602-373-8485.

1. Your credit score

2. Whether or not your job history and income satisfy loan qualification guidelines, and whether or not you need an alternative income or employment documentation loan

3. The total cost of your transaction, including your lender’s full commission.

4. That there’s a difference between "Closing Costs" and "Pre-Paid Items"

5. That you shouldn’t expect to do as well or as poorly as your friends, family, colleagues, or co-workers. Everyone's loan is different

6. The 10 features of your loan

7. That your loan is not approved until it’s been underwritten

8. That your loan terms could change after underwriting

9. The amount of cash you need to bring to closing if it’s a purchase transaction, or the amount of cash you can expect to receive if it’s a cash-out refinance transaction

10. The timeframe for loan completion. A typical loan can be accomplished in as little as 2 weeks or as long as 2 months. Every loan is different