Compare several lenders before committing to one. This work sheet provides you with key questions to ask potential lenders. Make a copy for each lender.

Questions to ask lenders before refinancing
Contact information
Web site:
Contact name:
Status of application:
Questions to ask
1. What is the interest rate?
2. What are the closing costs?
3. How many points will I have to pay?
4. What are the qualifying guidelines for this loan?
5. What documents do I have to provide?
6. How long will it take to process my application?
7. What might delay the approval of my loan?
8. Can I lock in the interest rate and what will it cost me?
9. Will the interest rate change over the life of the loan?
10. What will the monthly payments be?
11. How many years will the loan be?
12. Will there be a balloon payment at the end?
13. How will the lender or broker be paid?
14. Will I ever have to requalify for the loan and when?
15. Is there a prepayment penalty?
16. Does the loan package include credit insurance?