Some General Mortgage Information for an Upcoming Appointment

[Ahmed Sublaban]

Hello BP Family,

After researching, analyzing many deals, networking, and understanding potential markets around me, I’m finally taking a few steps forward. Specifically with my first mortgage. I have an appointment this Thursday to meet with a lender. I have read many posts, articles, and books regarding financing, BUT I am always looking for guidance. If you have any small tips, tricks, questions that I can ask/utilize while talking to my lender, I would appreciate it.

THROW IT AT ME

[Rex Celle]

@Ahmed Sublaban If you are going to meet with the lender to discuss your intentions of purchasing real estate for investment purposes, I would be very clear with him/her on the type of strategies you are looking to do: Short-term/long-term rentals, fixed and flips, Airbnb, etc. Be prepared to provide proof of income, proof of funds for down payment (Bank statements, 401(k)s, IRAs, other), past two year tax returns, and the list of all other assets. I would make it a goal to walk out of that meeting knowing that you were pre-approved for an amount and also the type of loan programs available to you once you make a decision to acquire a property.