Investor Nation: Now

Locating A Mortgage Lender

As an active real estate investor I understand how important it is to make sure that I have my power team in place.  With the ever changing market conditions in the lending world its important to me to make sure that if I am applying for a loan that I am actually approved. How do you know if you are working with a lender who can actually complete the type of transaction that you are seeking? You need to make sure you do your due diligence on your potential lender. Here are a few things to consider when working with a lender:

1. How many loans have they closed?
2. Get references from recent customers.
3. How long have they been in business?
4. Get a pre-approval letter.

With the current market conditions you do not want to get stuck with a lender who said they could do your loan but then turns around and tells you that they can't. You do not want to be left out to dry. This is why working with the right team can position you for success.