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Updated almost 10 years ago on . Most recent reply

User Stats

89
Posts
7
Votes
John Yanko
  • Investor
  • Clarendon Hills, IL
7
Votes |
89
Posts

Pre-approved tomorrow

John Yanko
  • Investor
  • Clarendon Hills, IL
Posted

I'm really trying to get the ball rolling on REI. I recently found an agent (thanks to BP & she's awesome) and asked where I should go to get pre-approved. She in turn referred me to a Wells Fargo lender. My question is will the dollar amount/terms of my loan change from lender to lender? Do I need to search for other lenders or can I have some faith in this lender?

Most Popular Reply

User Stats

153
Posts
131
Votes
Arissa Pedroza
  • Real Estate Agent
  • San Antonio, tx
131
Votes |
153
Posts
Arissa Pedroza
  • Real Estate Agent
  • San Antonio, tx
Replied

Do your due diligence and shop around for a lender that will best work for you.  My experience is that true lenders work harder for you than traditional banks.  Unless you are in a special circumstance where Wells Fargo would be the only one to get a particular loan done, I would never ever refer a client to any big bank to get a a loan done. 

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