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Updated over 7 years ago on . Most recent reply

User Stats

147
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48
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Jonathan Jaime Velarde
  • Rental Property Investor
  • Thousand Oaks, CA
48
Votes |
147
Posts

Should I use an online lender?

Jonathan Jaime Velarde
  • Rental Property Investor
  • Thousand Oaks, CA
Posted

Good evening folks!

Looking to buy my first rental next summer and wondering how good/bad the online lenders are? Obviously I will shop around and talk to a bunch of lenders, but I wanted to get a few opinions on what you guys thought about the online lenders. 

I plan on using a conventional mortgage with around 20-25% down on something. Not ready to buy yet, but saving at lightening speeds!

Thanks everyone,

Jonathan Velarde

Most Popular Reply

User Stats

17,454
Posts
30,143
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,143
Votes |
17,454
Posts
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Id suggest using @Upen Patel instead of an online lender.  When a transaction is easy, the online lender deficiencies may not rear their head...but when something outside the norm happens, you want someone like Upen that can hold the transaction together.

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