Investment Loan Question

[Jenny Milu]

I'm working on getting my first STR, I had a call with a broker from The One Brokerage ( why not, I listen to Bigger Pockets Real Estate Religiously). Anyways, the broker I was speaking with let me know I had two options for financing, one being an Investment Property Loan ( forgive me, I'm likley messing up what this is called) and the second option was a second home mortgage.

When he was talking about the Investment Property Loan, he kept talking about a "credit" to me based on comps in the area for rents if the home had never been rented before. Not credit in the traditional sense and it seemed like it was more of proof.  This was super confusing, I asked questions to try to understand more and still am feeling a bit lost. Does any one understand this credit which seems to be more like proof and why it's necessary or even matters?

[Andrew Postell]

@Jenny Milu as you can see there are tons of lenders out there.  Make sure you are working with one that vibes with you.  Your lender should be working with you to make the process easy....at least, easy enough that you don't have to go ask strangers what he was even talking about.  It took me a while to find some good ones but when I did it all clicked.  Hope that makes sense.