video1.0<iframe src="https://www.loom.com/embed/94b5f98b3fcf450786a90272cabe6212" frameborder="0" width="1280" height="960" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>9601280Loomhttps://www.loom.com9601280https://cdn.loom.com/sessions/thumbnails/94b5f98b3fcf450786a90272cabe6212-c9df58f86cd3c8f0.gif465.86This Loom shares five key questions to ask your lender when financing a real estate purchase, emphasizing the total cost, the rate and the APR, and the importance of getting these details in writing. It explains that early “prevailing” interest-rate numbers can change after the lender reviews your credit and documents, and stresses asking about when the rate is locked, how long the lock lasts, and what it costs. It advises verifying which loan program fits and what could change it, and cautions that making new credit purchases before closing, even seemingly small ones, can affect your ability to qualify and close on time. It also notes that rate changes and renewal can cost money and suggests asking how rising rates could impact your loan if you already escrow.