How to shop for Home loan?

Hi, newbie questions here.

first time buyer in California and would like to get preapproved. There are so many options for loans and I wanted to know what questions do I ask when “shopping” around for a home loan service?

What is the single most important number I would need to get straight that will save the most money in the long run? Is it just simply the loan rate? confuse here because I always thought that rates were like gold price and its just universal. If that is the case wouldn’t the rate change anyways depending on close date or can we prearrange that with the loan officer? How do I even shop? do I just call them up? What type of fees can I negotiate for, Loan origination fee, application fees etc? or are this so miniscule that its not even worth the time?

thank you in advance.

submitted by /u/greenappletree
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Hi, newbie questions here. first time buyer in California and would like to get preapproved. There are so many options for loans and I wanted to know what questions do I ask when “shopping” around for a home loan service? What is the single most important number I would need to get straight that will save the most money in the long run? Is it just simply the loan rate? confuse here because I always thought that rates were like gold price and its just universal. If that is the case wouldn’t the rate change anyways depending on close date or can we prearrange that with the loan officer? How do I even shop? do I just call them up? What type of fees can I negotiate for, Loan origination fee, application fees etc? or are this so miniscule that its not even worth the time? thank you in advance. submitted by /u/greenappletree [link] [comments]

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