Real Estate Agent · Connecticut & Rhode Island · Member since 2020 · 43 posts · 23 votes
I have a few upcoming meetings with local lenders as I try to figure out who will be a good fit for me and my goals. What key info do I need to leave that meeting knowing? Any questions that I should definitely ask? Thanks!
When I meet with lenders they always want to know one thing, your ability to repay - especially if the deal goes bad.
Having your personal financial situation in order is the best way to work with the top lenders.
As far as screening lenders, it's important to know how many deals they've done, what kind of deals they favor and what kind of deals they don't do!
The last thing I would do is ask a few local investors if they have done business with that lender. If the lender has a good reputation then you should be safe to move forward.