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Interest Only Loan Investment Property
How to Choose Your Real Estate Lender
Author: Jeanette Joy Fisher
Because you need quick action when applying for a real estate purchase loan, find a lender you can access easily. A lender's quick response signifies good service to follow.
Once you know your middle credit score, look for a lender appropriate to your specific needs. When ready to make offers to purchase, apply for credit with lenders. Choose at least three lenders to apply with and do it at the same time. Call all your prospective lenders during the same week. This counts as only one inquiry on your credit report. Credit bureaus expect borrowers to shop for a loan.
The best way to find a good lender is to ask a real estate investor for a referral. Also, escrow officers and real estate agents...
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