You do not need to know every mortgage term before speaking with a lender. You do need a way to identify what is being offered, which assumptions are unverified, and what the next commitment involves. Keep the answers with your written quote.
Good questions make it easier to compare both the offer and the working relationship.
Start with the offer
Ask which loan product is being proposed, why it fits the scenario, and what other eligible options would look like. Request the rate, points, lender charges, lock status, and estimated total payment in writing.
Understand the process
Ask who handles your file, how to reach them, what remains unverified, and which events could change approval or pricing. Set expectations about documents, deadlines, appraisal, and closing.
Control the next step
Ask what permission is needed for a credit inquiry, how your information will be used, and what costs you may incur before proceeding. A useful conversation should leave you with clarity rather than pressure to decide immediately.
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CFPB: Understanding your Loan Estimate ↗CFPB: Exploring your loan choices ↗General education, not an approval or personalized recommendation. Loan terms and eligibility vary. Our editorial standards.