All Forum Posts by: Amy Bonis

Hi.  I am a lender.  Here is what I recommend. Find a lender that you like, that you can communicate with and form a bond with them. The lending business is very difficult, more than consumers actually can imagine.  Shop the loan as Steve and Mark suggest above but then go back to the lender that you have a good feeling on and share these quotes with them and if they can match or beat these quotes, use THAT person.  Forming a relationship matters.  A loan officer's bond and relationship with their underwriting and processing is important to getting things done throughout the process. And the above posts are also correct that smaller loans will get you much less response.  If you put down 30%, you already qualify for the best rate on rental properties. 50% down will not gain you more in terms of a better rate and if the loan is small, it will get you less.  Good luck!

I write short educational articles for various publications.  These newspapers and magazines have general requirements that no self promotion is allowed.....so it's heavy on the info and contains zero self promo.  Where could I post these on BP, so members can read and learn?