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Updated over 6 years ago on . Most recent reply

User Stats

143
Posts
100
Votes
Connor Anderson
  • Real Estate Agent
  • Grand Rapids, MI
100
Votes |
143
Posts

Ways to vet out a lender?

Connor Anderson
  • Real Estate Agent
  • Grand Rapids, MI
Posted

I am looking to get into my first deal and I have looked at 3 different lenders. 2 of them gave me a very similar rate and I know people that have used them for deals in the past. The 3rd lender is a "wholesale mortgage broker" and has given me a rate that is about .8%-1% better than the other 2 lenders.

So my question is this. Besides asking to speak with references, what some other ways to vet out a lender? When speaking with references, what questions should I ask? Are there any red flags I should look out for?

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