Flexible loan terms vs Fast Closing

[William Causey]

When choosing a private money lender, how do you weigh the importance of flexible loan terms versus fast closings? Which has had a bigger impact on your deals, and why?

[William Causey]

Quote from @Erik Estrada:

Quote from @William Causey:

When choosing a private money lender, how do you weigh the importance of flexible loan terms versus fast closings? Which has had a bigger impact on your deals, and why?

 I think the most under looked value, is honesty. Many Loan Officers like to BS to get a client in the door. They will say they can close in 10 days, when they know it takes 30-45 days. They will give you the run around for days, and tell you everything is okay only to give you the bad news 30 days in.., Honesty is the most important aspect in mortgage lending. 

Agree 100%, trust and transparency are what set professionals apart in this industry. Clients deserve to know the truth upfront, even if it’s not what they want to hear, because that honesty saves them time and builds confidence in the process. When we prioritize integrity, we’re not just closing deals, we’re building a reputation that lasts.