Best questions to ask a lender?!

[Nicholas Reyes]

Hello everyone, Being new to REI I am meeting with a lender to talk over a few options available to me. I wanted some input from some seasoned investors on asking the right questions to a lender. I am more interested in financing for buy and hold property. If you were new to the investing world what are some good questions to ask a bank lender. Thank you for your time and input!

[Christopher Giannino]

I'm not a seasoned investor but a few things that come to mind..  

1.  How much should I expect for closing costs?

2.  Are there any origination fees?

3. What is the interest rate and the APR?

4.  Do you offer loan rate locks?

5.  Is there a pre-payment penalty?

6.  How much time do you typically need to process and close on the loan?

7. Will you count the rental income towards my DTI ratio?

Hopefully some more experienced investors will chime in as well!