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Updated about 5 years ago,

User Stats

289
Posts
361
Votes
Harrison Chow
  • Real Estate Agent
  • Columbus, OH
361
Votes |
289
Posts

Bank Lender or Mortgage Broker

Harrison Chow
  • Real Estate Agent
  • Columbus, OH
Posted

Hi Guys!

My first post here... I'm at the beginning stage of BRRRR process, trying to assemble a team of experts and one being the lender. Do you guys prefer working with one or two lenders or do you have a mortgage broker that hunt the best deal for you? What are the pros and cons for each?

I know there are multiple options to get the cash out refi such as traditional banks (up to 10 loans) and portfolio lenders where the sky is the limit - but with higher interest rate. That's what read in David Greene's BRRRR. I don't recall him mentioning mortgage broker... please share your wisdom with this novice here!

Thanks!!

Harrison

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