🧠 Things to Consider Before Speaking to a Mortgage Loan Officer💬🏠

By Luke Grasso | NMLS #2638025

Talking to a mortgage loan officer (MLO) is a big step—don’t go in unprepared! Knowing what you want (and need) will make the process smoother and more tailored to your goals. Before your conversation, take a few moments to think through these key points:

🔢 What’s Your Ideal Price Range?

Be honest about what you're comfortable spending, not just what you're hoping to be pre-approved for.

📍 Where Do You Want to Live?

Think ZIP codes, cities, or specific neighborhoods that feel like home to you.

💸 How Much Can You Put Down?

Budget for both down payment and closing costs—your MLO can help estimate this.

🏡 What Type of Property Are You After?

Single-family home, condo, or townhome? Each affects your loan type and approval.

👨‍👩‍👧 Will This Be Your Primary Residence?

Buying a vacation home or an investment property? Your loan options will change.

💼 Do You Have a Preferred Loan Type?

Conventional, FHA, VA, or USDA—your MLO will walk you through what fits best.

📆 What’s Your Ideal Loan Term?

Mortgage terms range from 8 to 30 years—shorter terms = higher payments but less interest paid over time.

💬 Pro Tip: Write your answers down before your meeting! You’ll feel more confident and your loan officer will better understand your vision and needs.🎯 Remember: Your MLO works for YOU. So bring your questions, your concerns, and your goals to the table.