Private Lending & Conventional Mortgage Advice
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,
The Most Ambiguous Question to Lenders/Brokers From Borrowers
When advertising the loan products I have access to, on a daily basis I get the question...
"Can you email me rates and terms please?"
It's not the Borrowers' fault for the most part. But they do need to be further educated in how that is a very broad question for Lenders and Brokers. First, there needs to be an understanding of the difference between the two. Here's an excerpt from Mortgage Brokers vs. Banks and Mortgage Lenders | The Truth About Mortgage.com
So as you can see, as a private money broker, there are many Lenders we have access to and even more loan products combined between all of them. So instead of the ambiguous question, it's best to request a phone call and let the broker analyze your deal(s) to determine what's the best loan product for you.