A loan officer will explain the different types of mortgage and other loan schemes that the lending company provides. He will assist you in filling out the loan application form and throw light on the interest rates and fees. Mortgage loan applications usually incur origination fees, interest rate on the loan and other miscellaneous charges.

During this loan application interview, you would do well to discuss all the terms of the loan such as the rate lock and pre-payment penalties. You can discuss the possibility of opting for a rate float if you are confident of plummeting interest rates.

All problems relating to your personal indebtedness can also be discussed at the loan application interview. Outstanding payments and credit card dues as well as existing mortgages can affect your credit rating. Bankruptcy, illness and child support factors also play a part while perusing loan applications.