Frequently Asked Questions

Find answers to the most common questions about mortgages, the home buying process, and working with Broker Lenders.

Call (801) 307-0273 Get started

General Mortgage Questions

Understanding the basics of home financing

What is a mortgage?

How do I qualify for a mortgage?

What's the difference between pre-qualification and pre-approval?

How much down payment do I need?

What are closing costs?

The Home Buying Process

Understanding what to expect during your mortgage journey

How long does the mortgage process take?

What documents do I need to apply for a mortgage?

What happens during the appraisal?

What is underwriting?

Can I back out after making an offer?

Rates & Terms

Understanding mortgage rates, terms, and costs

How are mortgage rates determined?

Should I choose a fixed-rate or adjustable-rate mortgage?

When should I lock my interest rate?

What is APR?

Can I negotiate my mortgage rate?

Still have questions?

Our team of mortgage experts is here to help. Contact us today for personalized answers to your specific situation.

Personalized guidance for your situation

Expert advice from licensed professionals

Multiple loan options to fit your needs

Contact Information

Phone

(801) 307-0273

Email

info@brokerlenders.com

Hours

Monday - Friday: 8:00 AM - 6:00 PM

Saturday: 9:00 AM - 4:00 PM

Get started today

Not sure what's best? We'll guide you.

Our loan officers are here to help you find the perfect loan option for your unique situation.

Book an appointment

Schedule a call with one of our loan officers to discuss your options.

Call us

Speak with a loan officer right now to get started on your home purchase.

Ready to start your home buying journey?

Get started Call (801) 307-0273

Broker Lenders is a registered trademark. Pedro Lira NMLS #318973 and Xpert Home Lending NMLS #2179191. Equal Housing Lender.

All loan programs are subject to credit approval and property appraisal. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply.

This is not a commitment to lend. All information provided is for informational purposes only and is not an advertisement for products or services in states where prohibited by law.

Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License.

Interest rates and Annual Percentage Rates (APRs) are based on current market conditions and may change. The actual rate you receive may be higher or lower depending on your credit profile and other factors.

Privacy Policy: We are committed to protecting your privacy. We do not sell, trade, or otherwise transfer your personal information to third parties without your consent, except as described in our Privacy Policy.