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Updated over 8 years ago,
Concerned about amount of informatioin requested by lender
I am concerned about how much information I have to provide to a lender, to finance some investment properties.
I am new to real estate investing, and looking at turn-key companies. CashFlow Savvy recommended a lender (Ridge Lending Group in Portland, OR), and their information request is extensive. They want 401k information, signed credit card authorization, all bank accounts, IRAs, tax returns. Basically a social engineer's treasure trove of information.
Is this a normal request?
Cheers.