Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago, 04/26/2021
How to figure out which lender to use
Hi Everyone!
Every day I've been taking steps in purchasing my first property for my portfolio. I've interviewed a few agents and feel like I've landed on a team that I'm comfortable and excited to move forward with. The time has come to get pre-approved before moving forward on a property.
The agency I went with sent me a 'vendor partner list' that indicates 5 different lenders, 2 insurance brokers, 2 closing attorneys and 3 home inspectors they typically work with.
My question today is, how should I go about deciding which lender (in this case), or other professional to go with? Are there questions I should ask on the phone that would help me determine which vendor is best? Am I overthinking this process and should just get pre-approved by the first name on the list?
Any feedback is welcome! Hoping to move forward on this today or tomorrow.
Cheers,
Garrett