Advice on vetting Lenders

[Tre Tyler]

I am looking to make my first investment property purchase and am wondering what questions I should be asking to make sure the lender is a good fit for me before I give out my SS and they start running credit reports. My concern is my credit score taking unnecessary hits. Ive had one ask me for my social security number but im not sure if I want to give that up before im totally sure I want to work with them. Also, Ive heard from some podcast episodes that I should reach out to as many banks as possible and am guessing I wouldn't want to give my SS to them all? Any info would be appreciated seeing this will be my first time going through this process! 

[Dave Poeppelmeier]

I agree with @Lara White, ask your Realtor for a few different lenders. Lenders/Loan Officers are like anyone else: they have personalities that can really gel with someone or completely rub them the wrong way. I would rather have someone on my team that I work well with and who doesn't drive me crazy than save 0.12% on my rate. Good luck!