When deciding to work with a lender, are rates your only consideration?

[Hanah Frickers]

Hi BPers! I am trying to gauge investor's mindset when selecting a lender to work with. Would your only consideration be how competitive the rates are or would there be other factors that might persuade you to work with an alternative (this is assuming up to a 75 bps or 1% difference max)? Thank you!

[Chris Seveney]

@Hanah Frickers

That’s a huge factor if they can approve the loan and fund the loan when needed

Also have to check other costs associated with the loan.