What questions should I be asking a lender?
Hi BP Community!
I’m confused on what questions I should be asking my current lender he is not very detailed on my loan options and does not really break down information very well? My current situation I am looking to invest in real estate in Modesto Ca,/ Ceres Ca. He told me I was approved for an HFA but he also said I wouldn’t be able to purchase a Multifamily. I have 15k saved up and work a stable full time job and gross about 58k before taxes. My credit is in the mid 715-720s. I’m confused if I have the right lender for 1st investment deal? How do I know if he is a good fit. I am having to ask Him what my options are instead of him giving me open options. Any advice would help BP Community thanks in advance!