All Forum Posts by: Christopher Murphy

@Christopher Murphy - My company is licensed in TX, and our processor lives in Austin. Would be happy to help. Personally, I think overshopping can cause problems because rates change multiple times a day and getting 5 quotes is a bit too much. I think your friend should reach out to maybe 3 people and see how the conversations go. Get a few quotes, and if there is a problem call other lenders. That is my take! Its not quite as simple as send me your rate, its tough to compare apples to apples

Thank you for the feedback. This helps, 3 seems like a good number to keep from overshopping and causing unneeded headaches.

1 Vote

Austin, Texas

Quote from @Dave Skow:

Quote from @Christopher Murphy:

Quote from @Dave Skow:

@Christopher Murphy- let me know if you would like a referal for a good Loan person .....as far as getting pre approved - doing this with one lender ( maybe 2 ) is ample

This would be awesome! My buddy is looking. I have heard shopping rates is worth it since it only takes one hard credit hit if all inquired in the same period. Shouldn't 3 be made for rate due dillegence?

@Christopher Murphy 1) heshould be able to get as many quotes as he wants without any credit pulls ...he should use same parameters and call the lenders on the same day and ask for quotes ...then make a decsion to get pre approved with one .....if a lender is saying they cant provide quotes without a credit report- I would recommend not using them ... Please email me and I can forward the referral to you

Thank you!

0 Votes

Austin, Texas

Quote from @Jay Voorhees:

Hi @Christopher Murphy - I am the owner and founder of a mortgage company in Texas. We specialize in 1-4 unit residences. I'll pm you, but would be happy to chat with your friend help get them pre-approved.

Appreciate the outreach.

0 Votes

Austin, Texas

Quote from @Jordan Moorhead:

@Christopher Murphy I would talk to a few but you don't need to get fully pre approved with that many. Check out at least 3 and compare rates and terms, but more importantly find a lender that understands investing. Let me know if you need anything

This is fantastic feedback, thank you so much. A lender (and agent!) that understands investing is so key. As far as pre-approvals, am I right in thinking that multiple inquiries for preapproval only make a credit take a hit once if done within the same timeframe?

0 Votes

Austin, Texas

Quote from @Andrew Garcia:

Hi @Christopher Murphy, I would be happy to refer you to a great lender licensed in TX.

Feel free to reach out to exchange information.

Thanks Andrew!

0 Votes

Austin, Texas

Quote from @Richard Advani:

Quote from @Christopher Murphy:

Hi All,

I have a partner looking to get pre-approved in Austin. Can we get a few lenders that those in the market can recommend that they had a good experience with? How many should he get pre-approved with...5 at least?

TIA,

Chris

Hi Chris,

Its a good idea to interview a few lenders to determine the best lender to suit your needs as well as to have a few lenders to compare rates with. That being said, you really only need to get pre-approved with one lender. That does not mean you are obligated to use that lender if your offers gets accepted but will help minimize the number of credit pulls you have if getting pre-approved with numerous lenders. I am licensed in TX and can be of assistance. Feel free to DM me.

Am I incorrect in thinking that your credit does not take multiple hits if the inquiry is for the same reason within the same timeframe (what I thought was 30 days)?

0 Votes

Austin, Texas

Quote from @Dave Skow:

@Christopher Murphy- let me know if you would like a referal for a good Loan person .....as far as getting pre approved - doing this with one lender ( maybe 2 ) is ample

0 Votes

Austin, Texas

Hi All,

TIA,

Chris

2 Votes

Austin, Texas

Hi All,

Always looking to network with people in my area and age group! If you are in DFW or a young investor/prospective investor, would love to connect!

Best,

Chris Murphy

@ChristopherMurphyii on IG

0 Votes

Dallas, Texas

Good morning y'all!

Figured this forum might be a good place to network with other rookies started or have recently started their journey. I am 24 and in the DFW area so always looking to converse and network within my age and market in particular. Please feel free to connect here and/or follow on instagram @christophermurphyii as I am most easily reached and most active there. Hope y'all have a good week and that we take good steps towards FI!

Best,

Chris

5 Votes

Dallas, Texas

All Forum Posts by: Christopher Murphy

Christopher Murphy has started 22 posts and replied 58 times.

Post: Austin Lender Recommendations

Post: Austin Lender Recommendations

Post: Austin Lender Recommendations

Post: Austin Lender Recommendations

Post: Austin Lender Recommendations

Post: Austin Lender Recommendations

Post: Austin Lender Recommendations

Post: Austin Lender Recommendations

Post: Networking with anyone in DFW area and investors in their 20s!

Post: Networking with DFW Investors or Young Adults!