Questions to ask Lenders

[Susan Homeier]

I thought it might be a good idea to develop a checklist of questions/requirements/red flags to help with due diligence on Lenders.  

Please post if you can provide anything that you think is helpful, anything that might raise red flags. 

1) What title companies do you use to close, can you send me a list of those companies? (Then call those companies to find out what information that might provide about the lender. How many deals they have closed, with the lender, how many deals did not get funded.....

2) How do you transfer funds? (Western Union is not how funds are transferred on a Real Estate transaction.

[Grant Rothenburger]

@Susan Homeier 

How flexible can you be with lending? 

What is an example of you getting creative to finance a property that didn't appear to be something you could lend on at first? 

Do you keep any financing in house?

Typical rates?

How many months seasoning before I can refinance?

Those are the questions that first come to my mind.