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Updated almost 9 years ago on . Most recent reply

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Brian Gorman
  • Minneapolis, MN
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4
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Mortgage Broker or Direct Lender for a first time investor?

Brian Gorman
  • Minneapolis, MN
Posted

Hey Everyone,

I am currently working with a company who uses the Direct Lending method. I understand this allows you to develop a long term relationship with an lender, however does this cause you to pay a higher interest than mortgages some of the bigger "brokers" offer? I am analyzing deals for my first property and wanted to get some feedback on paths that others have taken.

For example, I know the credit union I bank with (BCU) which is tied and has a partnership to my corporate job with Target can land me some pretty good rates. The big concern is that they do not understand the investment approach though. I am open to learn as much as possible and would love to get some opinions on this topic.  

Best,

Brian Gorman

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