Choosing mortgage is very difficult, especially if you are new in real estate business. Keeping in mind necessities and hurdles faced by novice realtors, Dean Graziosi has shared a top seven list of things that you should ask to your mortgage lender. Before we proceed with our topic, it is better to share information about Dean Graziosi. Check this page for regular updates >>> http://www.facebook.com/deangraziosipage

1. Dean Graziosi Teaches You Top Seven Things to Ask Your Mortgage Lender
Choosing mortgage is very difficult, especially if you are new in real estate business. Keeping in mind
necessities and hurdles faced by novice realtors, Dean Graziosi has shared a top seven list of things that
you should ask to your mortgage lender. Before we proceed with our topic, it is better to share
information about Dean Graziosi.
Dean Graziosi is a real estate millionaire. He belongs to a broken family, his father and mother got
divorce when he was just three years old. Dean led first few years of his childhood with his mother. His
mother worked on weekends, and on two jobs. With such a hard working routine she was able to earn a
mere sum of 90$ a week.
Dean was two siblings. He wore old and second hand cloths throughout his childhood. His classmates
often teased him on his poor appearance. At the age of 16, after passing 10th grade Dean left his
education uncompleted after suffering from serious family issues. At the age of 16, he came out as a
successful young entrepreneur by starting his small-scale business of auto parts.
Amid business of auto parts, at the age of 18 he performed his first real estate deal. It was a rundown
apartment building. He purchased that building, renovated and then sold the building at a fair profit. Since
then, Dean never looked back. After successfully completing journey of more than two decades, Dean is
willing and determined to share his knowledge with novice and aspirants.
Following is a given a list of top ten things that you should ask your mortgage lender.
1- What Kind of Mortgages Do You Offer?
This is the first and foremost questions that you must ask your mortgage lender. In order to get right kind
of mortgage, it is necessary that you must know all basics of mortgage options available to you.
Hint: consider your present and future requirements before finalizing a mortgage deal.

2. 2- What is Your Interest and Annual Percentage Rate?
Once you finalize your choice for mortgage loan, next step is to ask for percentage and interest rate.
Interest rate and annual percentage rate will decide how much you are going to pay as a borrower.
Hint: To calculate annual percentage rate, you must understand adjustment frequency, maximum
adjustment frequency means maximum annual percentage rate.
3- What Are Your Discount Prices and Originate Fees?
If you are planning to stay for a long time in the house, you must ask for discount prices. Originate fees is
administrative charge that covers processing of your application.
4- What Are Your Closing Costs?
There might be hidden charges associated with closing of the loan. Ask for a "good faith estimate" of
your loan's closing cost. Your lender is bound to issue you a "good faith estimate" within three days of
receiving your application for loan.
5- What is Your Minimum Required Down Payment?
Amount of the down payment will help you decide about rate and term of your loan.
6- Is There a Prepayment Penalty:
It is strange, but most lenders will charge you a penalty, usually equal to six months of interest. It is better
to ask your lender for any such restriction.
7- What Kind of Documents Are Needed?
There are some important documents that you will need like your name, contact information, bio data etc.
These documents are used as a proof and guarantee of your loan.
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http://www.facebook.com/deangraziosipage