Top Questions to Ask Your Mortgage Broker Before You Apply

2 weeks ago

Choosing the right mortgage is one of the biggest financial decisions you’ll make, and having
the right broker on your side makes all the difference. At Rampone-Marsh Mortgages, we
believe in transparency, trust, and clear communication. Before you begin your application, here
are the key questions we believe every homebuyer should ask—so you can feel confident and
informed at every step.

1. What Mortgage Options Are Available to Me?

Every buyer’s situation is different. When you ask this question, we take the time to walk you
through all available options, including fixed, variable, short-term, and long-term mortgage
solutions. Our goal is to help you understand the pros and cons of each so you can choose
what fits your financial goals.

2. What Will My Interest Rate Be—and Why?

Interest rates can vary widely depending on one’s credit score, income, and lender guidelines.
We explain exactly how your rate would be determined depending on what lender we
recommend, so you never feel left in the dark.

3. What Are the Total Costs Involved?

Beyond your down payment, when you are buying a home there will be legal fees, and possibly
some taxes and utilities to cover at the time of closing. The mortgage arrangement will also
require a payment schedule to the lender. This is where we can help; we will break everything
down clearly so you know exactly what to expect—no surprises, no stress.

4. How Much Can I Comfortably Afford?

This is one of the most important questions you can ask. Buying a home is a combination of the
right mortgage payment over your expected time you will own the property. We will help you
determine a realistic, comfortable budget based on your income, lifestyle, and long-term
plans—not just what you technically qualify for.

5. How Long Will the Approval Process Take?

Timelines can vary, but we always keep you informed. Typically, we like to have at least two
weeks for presenting you with the options. It’s to your advantage to chat with us before you
place your offer! From application to approval, we will guide you through every stage with clear
communication and personalized support.