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Updated about 9 years ago on . Most recent reply

Account Closed
  • Manama, Capital Governorate
2
Votes |
6
Posts

Mortgage Broker near Baltimore vs Online Lender

Account Closed
  • Manama, Capital Governorate
Posted

Hello BP.

Does anyone know of any reputable mortgage brokers in the Baltimore area that I could pursue financing options with for my first property?  This will be my first time purchasing a home/property as well as my first investment property.

On a more general note, has anyone had any experience with using an online lender as an investor?  From what my research tells me, most online lenders seem to be a few points lower in interest rate (and seemingly lower in the # of fees as well) but admittedly, I have only done basic searches for online lenders on sites like zillow and trulia and have NOT actually gone completely through the qualification process and/or received any GFEs yet.

Since my credit score is "good" but still hanging on my pre-home purchase credit score criteria, I don't want to move on requesting actual quotes / qualification matters until I have a list of lenders/brokers I want to pursue first.  Once I know exactly who I am going to pursue, I will do them all at once so that the "hard" credit inquiries they all run show up w/in 14 days of each other to minimize the credit hit I will take.

Any advice on lending, both local and general, would be much appreciated!

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