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Updated over 3 years ago, 08/20/2021

User Stats

60
Posts
10
Votes
Eric Samuels
  • Investor
  • Philadelphia, PA
10
Votes |
60
Posts

Should I shop for a lender or go off recomendation?

Eric Samuels
  • Investor
  • Philadelphia, PA
Posted

What up everyone,

I’m ready to get pre approved and start looking for properties in philly and I’ve heard it’s best to shop for lenders. Was thinking of finding one credit union, one broker and on bank and reach out all within one day to get accurate comparisons. I also have a family member who’s a real estate agent out of state and recommended I go to a lender they know how does country wide lending (quicken). As a first time buyer, Is it smart to just go with the lender I was recommended or is it more beneficial to shop around? If I should shop around, how important is it to get quotes from all lenders in one day? Heard on a youtube video that it’s important to get accurate comparisons. Is that true?

Appreciate the insight!!

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