13) Is there a prepayment penalty on this loan? If so, for how long, and what is the penalty if you pay off the loan early?

14) Do you get something in writing when you lock in the rate for your loan? Is there a penalty if rates go down and you wish to switch to a lower interest rate after you’ve locked?

15) When does the loan get locked (at application, at loan approval, or at another point in the process)?

16) How long before the lock on the rate expires?

17) Will you get a copy of the Good Faith Estimate (GFE) at application?

18) Will the lender provide you with a written loan commitment? If so, when?

19) How much will your appraisal cost?

20) How much will attorney fees, recording fees, title company fees, etc. cost?

21) What inspections are required, and who pays for those (buyer or seller/borrower)?

22) Are you able to buy your interest rate down? Should you?

23) Will you need flood insurance, a survey, or private home inspection?

24) Are any of the costs negotiable or able to be waived?

25) Did you get a second opinion or quote for this mortgage loan? If so, how does it compare?