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Updated almost 4 years ago on .

User Stats

9
Posts
1
Votes
Mandi Lambert
  • Rental Property Investor
  • Murrieta, CA
1
Votes |
9
Posts

Lender Hub? How many lenders for prequal?

Mandi Lambert
  • Rental Property Investor
  • Murrieta, CA
Posted

Hello! I just received my final docs for my LLC formation and waiting on info to access my Heloc to purchase my first buy & hold multi-family. Very exciting and it can't happen soon enough! I think my next step is to find a lender (or three) to get pre-approved. How do I even start?

I know I can literally just pick one because there are so many but is there a website or app I should start with that will show me which lender will give me the best rates and terms before formally applying? Like an Expedia, but for mortgages? Did I hear that David Greene has a lending company now - maybe I should start there?

Also, do my Heloc funds have to be seasoned to get pre-approved? I would like to avoid paying the interest on the Heloc prior to having the cash flow from a property to cover that.