Shopping Lenders and Preapprovals: HMLs and Refinancing

[Jewel B.]

Happy Tuesday everyone,

It is time for me to reach out to HMLs, as well as potential lenders for the refinancing portion of BRRRR, in order to find the best fit and get preapproved. I'd like to know the best method of doing so - phone call? Online contact form? E-mail?

Should I have some time of e-mail drafted that I can blast out to several different potential lenders to see if they can help me at a glance, without having to fill out a ton of applications right off the bat? If so, what should I say and what kind of information should I include?

Thanks!

[David Bilandzija]

@Jewel B. Congratulations on reaching the refinance stage with your BRRRR. You can certainly take a stab at approaching lenders on your own just know that using a mortgage broker can shorten up the process and potentially save you capital in the long run.

Programs are always changing and what works today may not be around tomorrow.  A qualified mortgage broker can hone in on your profile and offer funding solutions that best suit your specific scenario. Then there are the intangibles as well, it frees you up to focus on your projects, work or even finding that next deal.  Best of luck!