types of lending

[Erika Hexter]

Can somebody help me understand the different types of lending please? Mortgage banker vs mortgage broker vs lender vs private lender etc. It would be helpful to understand the different options for financing a deal and the advantages/disadvantages of each type of lender.

More questions:

1) which lender to use above/below a certain price point

2) strategies to be considered when first starting to invest. For example, use larger banks for first few acquisitions and then combine and re-fi with a smaller local bank or credit union