How many lenders should I call?

[Paul De Luca]

Hi Everyone!

I am gearing up to buy my first investment property (which I will live in) this May/June since my lease runs out at the end of June, so starting today I have begun reaching out to lenders to begin the pre-qualification and pre-approval process for an FHA loan. I am targeting either a duplex or triplex in DuPage County or Cook County in Illinois, basically the western suburbs of Chicago which is where I currently live. I got a list of FHA approved lenders off of HUD's website and called the first bank on the list for DuPage County. I spoke with the loan officer for about an hour and a half and successfully pre-qualified and got pre-approved with no issues. My question: how many lenders should I call while shopping for a mortgage? Any tips or advice would be greatly appreciated, thanks!

[Nick Giulioni]

As many as you can make time for. I'd grab lunch with them too....