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Updated over 5 years ago on . Most recent reply

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Kyleigh Morgan
  • Longmont, CO
11
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52
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What kinds of questions should I ask a potential lender?

Kyleigh Morgan
  • Longmont, CO
Posted

I have a meeting with a mortgage broker at Wells Fargo on Thursday to discuss the credentials I would need to be able to refinance a future home after it is rehabbed. I am wanting to invest in my first Brrrr. I have the capital and am ready to hit the ground running but want to get all of my ducks in a row before I begin. What kinds of questions should I make sure I ask the lender during this meeting with her? Also, how exactly do I present myself? Thanks for any advice! :)

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1,155
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Tarik Turner
  • Lender
  • Hackensack, NJ
369
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1,155
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Tarik Turner
  • Lender
  • Hackensack, NJ
Replied

Sounds like these are all just preliminary discussions just be your self let them know what you plan on doing. find out the loan costs, the rates, time period you would have to wait prior to your refi, loan terms, loan min/max, what documentation is needed, what is the criteria needed to be met for approval

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