I am not sure if you are asking what are good questions a homeowner should ask the lender or what are questions a homeowner should ask themselves?
A home owner should ask themselves the following:
1. Do I have equity in my home?
2. Do I have good enough credit?
3. What are my financial goals? **
4. How long do I plan to stay in this home? **
5. What are the terms of my current loan?
6. Do I have a second mortgage or line of credit?
** Very important questions.
Questions a homeowner should ask a lender:
1. Are there any upfront cost?
2. What type of loan would be best for me at this time a 15 year, 30 year, etc.?
3. Can I role a second mortgage or line of credit into the refinance?
4. What paperwork do I need to provide you? (W-2, taxes, etc.)
5. Will my credit rate affect my interest rate?
6. How long will it take to be approved?
7. If approved, how long will it take to close?
8. What do I need to bring to closing?
Anyone looking to refinance should shop around before committing to anyone lender. I am sure there are several questions not covered by anyone reading this has a starting point.
I have a couple more questions to ask the lender:
If I don't close the loan with you, how much $ am I on the hook for? (it should hopefully be limited to the cost of your appraisal)
What if the property doesn't appraise high enough? ( a good lender will have some alternative options to consider)
If rates drop after I lock in do you have a float down option to get a lower rate?
Best of luck with your refinance!