Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 over 9 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. 

Loading replies...