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Updated almost 2 years ago on . Most recent reply

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Jose Leandro Gobea
  • Homestead
10
Votes |
42
Posts

Using different brokers lender.

Jose Leandro Gobea
  • Homestead
Posted

Hello, everyone! I hope you're all doing well. I have a question, when seeking financing for your deal, it's important to explore the best options. Some of you have mentioned that using a broker lender is a better choice than going directly to a lender. This is because they can assess your options with various banks and lenders, not just one. However, is it advisable to engage different broker lenders simultaneously to secure the best option that aligns more with my interests?

  • Jose Leandro Gobea
  • Most Popular Reply

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    Erik Estrada
    #1 Private Lending & Conventional Mortgage Advice Contributor
    • Lender
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    Erik Estrada
    #1 Private Lending & Conventional Mortgage Advice Contributor
    • Lender
    Replied
    Quote from @Jose Leandro Gobea:

    Hello, everyone! I hope you're all doing well. I have a question, when seeking financing for your deal, it's important to explore the best options. Some of you have mentioned that using a broker lender is a better choice than going directly to a lender. This is because they can assess your options with various banks and lenders, not just one. However, is it advisable to engage different broker lenders simultaneously to secure the best option that aligns more with my interests?


     Hey Jose, 

    You may feel free to shop direct or with a broker. Just make sure you are 100% certain in your decision or risk falling out of a deal, terms switching, etc.. It is a lot more common than you think. 

    Besides rate, terms, and fees, look at their track record, reputation, and honesty. You'll notice that a solid broker won't try to sell you. They'll identify what you qualify for and get the deal done effortlessly 

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    LuxePrivate Investments LLC
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