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Questions To Ask Your Lender 
--What is the total loan amount?
--What is the total amount financed?
--How much cash will I get back?
--What is the total monthly payment?
--What is the length of the loan?
--What is my annual percentage rate? What is my interest rate?
--What are the individual fees and what is the total amount of fees?
--Is there a balloon payment?
--Is my interest rate fixed or adjustable? If adjustable, what is the CAP?
--How often can it be adjusted?
--How much can it adjust at any given time?
--Is the rate tied to a t-bill or prime?
--Are there prepayment penalties?
--Is there an arbitration clause?
--Will I be charged more for services than they cost you?
--Are you planning to sell this loan?
--Will my monthly payment include payment of principal?
Don't Borrow Trouble® is made possible by Freddie Mac.
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