Info from Loan Officer

INFORMATION YOU NEED FROM YOUR LOAN OFFICER....

*   What purchase price are you qualified for?

*   What mortgage amount is that?

*   What will your monthly PTI (principal, interest, taxes, and insurance) be?

*   If that's a figure you do not feel comfortable paying, tell the loan officer what YOUR limit is and have him or her turn that into a mortgage amount.

*   How much down payment is required?

*   Will this be Conventional, VA, FHA, or CHFA loan?

*   Do you need the seller to contribute to your closing costs?

*   What will your closing costs be?

*   If there's possible gift money, how does that work in?

*   How much time does the mortgage company need from time of sales contract to commitment?