Working with a broker helps you save time shopping, unlocking access to the hundreds of different lenders without all the market research.

They can shop multiple policies to give you a few options.

We both were approved for a 180-month 5.85% loan, as well as a 7% 30-year fixed mortgage, but we will continue to shop around with the idea that we would just pay off the entire mortgage once our funds become liquid. 

Generally, if there is a single deed restriction, only the individual or body who created it can enforce it.

First, I went to the lender and asked if we could do a loan modification instead of me shopping around for a new loan that might not be with them at a lower rate and for a modest processing fee they did that.

With the exception of a few “loan to own” shops, the lenders don’t want these properties.  

I've gone through the process of shopping out a loan for the property and it was decided that I'd go with a loan originator who initially told me the interest rate would be anywhere from 5.5-6%.

It's always good to shop around for rates and program options

Look at census data or local reports.Explore the Neighborhoods:Amenities: Properties close to schools, shops, and transit tend to attract more tenants.

I'd be happy to talk shop with you, feel free to reach out and best of luck this season!