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Updated almost 2 years ago on . Most recent reply
How to Find Lenders
Hi BP community, being new to REI and preparing myself to get my first property I wanted to ask how to go about seeking lenders. Do investors get preapproved from multiple sources or multiple types of lending? There are so many lenders and types of lending I am interested to learn the process. I am certain as I get established this will make more sense and I may work with a select lender(s) regularly. Thanks for your consideration and input. Kevin
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#3 Private Lending & Conventional Mortgage Advice Contributor
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Quote from @Kevin L Owens:
Hi BP community, being new to REI and preparing myself to get my first property I wanted to ask how to go about seeking lenders. Do investors get preapproved from multiple sources or multiple types of lending? There are so many lenders and types of lending I am interested to learn the process. I am certain as I get established this will make more sense and I may work with a select lender(s) regularly. Thanks for your consideration and input. Kevin
You should likely seek out a mortgage broker (an intermediary who works with lots of types of lenders) that can present you options for the different loan types (conventional, DSCR, bank/credit union, etc.)