Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 10 months ago on . Most recent reply

User Stats

1
Posts
2
Votes
Wayne Kennoff
2
Votes |
1
Posts

How do you choose between different lenders, when their offers are fairly similar?

Wayne Kennoff
Posted

I have a choice to make on which lender to go with on my rental property refinance, however as I research each lender, I cannot find adequate information about their actual business practices. A few I found some information about (mainly to stay away from them as they changed the rates/terms at the last minute), and one had a bunch of fake reviews on the BBB site, but the others I cannot find any information about as far as customer satisfaction.

Most Popular Reply

User Stats

482
Posts
767
Votes
Matthew Kwan
  • Lender
  • Seattle, WA
767
Votes |
482
Posts
Matthew Kwan
  • Lender
  • Seattle, WA
Replied

It depends what you long term goals are? Typically, many people would pick a lender purely based on rates and pricing. However, there are more factors than just pricing, the value and strategic planning needed to help you cross the finish line. You would want to also focus on lenders who are investor themselves as well, where they think like an investor, not just a lender to just fund your loan.

@Carlos Valencia @Albert Bui

Loading replies...