Portfolio lender vs non-QM lender
Hello,
What's the difference between portfolio lenders vs non-QM lenders and which is better to use for rental property investments?
Most Popular Reply
You're assuming lenders have to be either a portfolio lender or a Non-QM lender. Lenders are businesses and can decide what loans they want to offer.
Non-QM refers to any product that is not a Qualified Mortgage under the Qualified Mortgage Rule. So, portfolio products are Non-QM most of the time but can be a QM in certain cases.
As far as what's better for an investor, it's all case by case. You're best off finding someone you trust, who's competent, and has a strong product offering. Then discuss your needs with them. The most important piece of your puzzle is the MLO who's going to be guiding you.