Home Buying Questions You Should Ask Every Loan Officer

There are many questions you could ask as a first time buyer. Below are 10 home buyer questions for you to consider. To be sure, any person considering buying a house should think about the 10 home buyer questions below. Just remember - the only dumb question is the question you do not ask. The only time where it is too late to ask your home buying questions is after you sign on the dotted line. You stand to lose money, time, effort, and your home if you are not careful with your financial and credit situations as you proceed through buying a home.

Top 10 Home Buying Questions You Could Ask Your Loan Officer

• Do you need to know about debt that I owe that is not on my credit report?
• Even though I do not accept any more credit cards, does it hurt my mortgage application if I apply for them?
• Is it safe to use my credit to purchase some furniture before I move in?
• I am expecting a gift from my parents for buying the home so I can save my money does this matter?
• I got a loan for my parents, but they are responsible are responsible making the mortgage payments, is that a problem?
• Do you really have to be self-employed for 2 years to be able to qualify for a mortgage?
• How often can I have my credit pulled before my credit scores go down?
• Since I have excellent credit, it is okay if I apply for some auto financing while I qualify for a mortgage?
• Now that I am approved, will it matter if I didn't make my last credit card statement?
• How many times will the mortgage lender look at my credit before I go to settlement?

The moral of the story when it comes to buying a home - speak with your loan officer before you do anything that might affect your credit and your financial status - even minor change could stop you. With all of these questions your loan officer should warn you against doing most of these things until after you get your mortgage. The key to successfully negotiating buying a home is to think about your credit and your finances first before you take any action.