Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
What qualities should I look for in a lender?
Hi everyone,
I am getting closer to purchasing my first property in the Utah market and would like some advice on what qualities I should seek in a lender?
Also, I would like to clearly understand the difference between a private lender and a conventional lender. Is someone considered a private lender if they are not affiliated with a bank, but work for a mortage LLC company, or can they still be a conventional lender? How do I spot the diffrence?
I appreciate any advice!
Best,
Kenan