Questions to Ask Your Mortgage Lender Before You Apply

Applying for a mortgage is a major financial step, and choosing the right lender can make a significant difference in both cost and experience. Before submitting an application, asking the right questions can help you avoid surprises, understand your options, and move forward with confidence.

One of the first questions to ask is what loan programs are available for your situation. Mortgage products vary widely, from conventional and government-backed loans to Non-QM, investor, and commercial options. Understanding which programs you qualify for helps ensure you’re exploring the best fit for your financial profile and long-term goals.

It’s also important to ask how interest rates are structured and when a rate can be locked. Mortgage rates change daily, and knowing how long a rate lock lasts, what it costs, and when it makes sense to lock can protect you from unexpected increases during the loan process.

Another key area to clarify is fees and closing costs. Ask for a clear explanation of lender fees, third-party costs, and estimated cash required at closing. Transparency early on helps you budget accurately and compare offers more effectively.

You should also ask about the approval and closing timeline. Understanding how long pre-approval takes, what documentation is required, and how quickly a loan can close is especially important in competitive markets where timing matters.

Finally, ask how communication and support will work throughout the process. Knowing who your main point of contact is and how updates are provided can reduce stress and keep your transaction moving smoothly.

At StratoBridge Lending, we believe informed borrowers make better decisions. Our team takes the time to answer questions clearly, explain options thoroughly, and guide you through each step of the mortgage process.

Asking the right questions before you apply sets the foundation for a smoother, more successful home financing experience.