Questions to Ask Your Supreme Lending Mortgage Professional

Buying a home requires careful consideration and planning. In this article, we'll explore some questions that might be worth asking your Supreme Lending mortgage professional to help you navigate the process while ensuring that your home-buying journey is informed and seamless.

How much can I borrow?

Understanding your borrowing capacity is a fundamental step in the home-buying process. Our team of lending experts might assess various factors, such as your income, credit score, and debt-to-income ratio, to determine the amount you can borrow. This information can give you an idea of your budget and help you narrow your home search.

How much do I need to put down?

Different loan programs may require varying down payment percentages. Our team will provide clear guidance on the required down payment so you can plan your finances accordingly. Discussing down payment options may also help you understand whether you're eligible for programs that offer lower down payment requirements.

Are assistance programs available?

Supreme Lending recognizes that various assistance programs can significantly impact your home purchase. Homebuyers may qualify for programs that can help reduce upfront costs or provide other benefits. These programs are often designed for first-time homebuyers or those with specific income levels. Our professionals can provide information about available programs in your area and help you determine if you qualify.

Fixed-rate mortgage, adjustable-rate mortgage, what's the difference?

Fixed-rate mortgages have stable interest rates throughout the loan term, offering predictable monthly payments. On the other hand, adjustable-rate mortgages (ARMs) have interest rates that may fluctuate after an initial fixed period, potentially affecting your monthly payment. Our Supreme Lending mortgage professionals are here to explain the pros and cons of each option, helping you choose the one that aligns with your goals.

What are my estimated closing costs?

Closing costs include various fees associated with finalizing the mortgage and completing the home purchase. These fees may include origination fees, appraisal costs, or title insurance. Getting an estimate of your closing costs upfront can help prevent surprises and allow you to budget accurately.

Are there any other costs or fees?

In addition to closing costs, there might be other fees or expenses you need to be aware of. These could include property taxes, homeowners’ association (HOA) fees, private mortgage insurance (PMI), and homeowner's insurance. Our knowledgeable team can provide a comprehensive list of potential additional costs associated with homeownership.

Can you estimate when the closing will be?

Supreme Lending recognizes the importance of closing timelines in your planning process. While variables can impact these timelines, our mortgage professionals will provide you with informed estimates. This information empowers you to organize logistics, ensuring a smooth transition to your new home.


As you embark on the journey of homeownership, Supreme Lending's dedicated mortgage professionals are your partners in achieving your goals. We understand the complexities and challenges that can arise, especially for first-time buyers. Our commitment to you is unwavering, and our team is ready to provide guidance on all aspects of your home financing journey. Whether you're taking the exciting step of purchasing your first home or considering refinancing your current one, our team is ready to offer guidance and expertise at every turn of your home financing journey.