Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

4
Posts
0
Votes
Brian Gorman
  • Minneapolis, MN
0
Votes |
4
Posts

Mortgage Broker or Direct Lender for a first time investor?

Brian Gorman
  • Minneapolis, MN
Posted Apr 20 2016, 18:53

Hey Everyone,

I am currently working with a company who uses the Direct Lending method. I understand this allows you to develop a long term relationship with an lender, however does this cause you to pay a higher interest than mortgages some of the bigger "brokers" offer? I am analyzing deals for my first property and wanted to get some feedback on paths that others have taken.

For example, I know the credit union I bank with (BCU) which is tied and has a partnership to my corporate job with Target can land me some pretty good rates. The big concern is that they do not understand the investment approach though. I am open to learn as much as possible and would love to get some opinions on this topic.  

Best,

Brian Gorman

Loading replies...