Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 about 8 years ago on . Most recent reply

User Stats

10
Posts
3
Votes
Patrick Kane
  • Architect
  • Bethel Park, PA
3
Votes |
10
Posts

First time meeting with a lender for REI

Patrick Kane
  • Architect
  • Bethel Park, PA
Posted

Meeting with my first lender tomorrow to get pre-approved. Anything to keep in mind when sitting down with these people? Things to say, things not to say, questions to ask? Obviously, I am most concerned with rate, term, and LTV, but i dont want to overlook something early on. Conversely, is now the time to discuss future plans for growth with this lender, or keep your mouth shut and be conservative? The phone conversations ive had with the office were great--as they should be, my wife and i have a fair amount in the bank with great credit and DTI--but i dont want to be blindsided with a series of unexpected questions during the face to face. Im pretty strong on the deal analysis and renovation side of REI, but green as grass when it comes to financing. Interested in others' experiences with lenders on their first investment loan.

Loading replies...