Investors friendly lenders
4 Replies
Roberto Joya
Rental Property Investor from Hollister, CA
posted 13 days ago
Hello BP community!
I am having some issues with the lender I am currently working with and looking for some options here.
Basically I will love to connect with anyone located in California preferred.
Thanks in advance :)
Doran Summers
Lender from Chicago, Il
replied 13 days ago
@Roberto Joya what issues are you having right now?
Roberto Joya
Rental Property Investor from Hollister, CA
replied 13 days ago
@Doran Summers Thanks for inquiring, basically I feel like I been treated as a newbie, where I been ask how much I am willing to pay for closing cost, and several times my lender just send me a loan estimates just to sign without discussing interest rate, points charged, not giving me any options other than just signed the one. Also, I was very clear from the beginning that I am willing to do a second or third loan if we need to for future properties but, I feel like she just want to do one and done and get paid now rather then later on future transactions.
By the way are loan processors getting paid from the lenders/banks when they processed a loan or only from whatever points they charged the borrower?
Doran Summers
Lender from Chicago, Il
replied 13 days ago
Not sure how that works with processors. If you want to send me a loan scenario I can provide a breakdown in points, fees, rates etc.
Roberto Joya
Rental Property Investor from Hollister, CA
replied 13 days ago
@Doran Summers will do, thanks.