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Updated about 5 hours ago on . Most recent reply

User Stats

56
Posts
19
Votes
Tomoko Hale
19
Votes |
56
Posts

The best(recommended) time to shop around?

Tomoko Hale
Posted

After engaging with a few lenders for a DSCR loan, I decided to go with one of them. After informing the other lenders that I had made a decision not to go with them, they came back with additional information. When is the best time to shop around for lenders—while searching for a property or after finding one? What would you recommend if the other lenders, whom I initially decided not to use, want to beat the rate I've chosen, assuming the timeline is not an issue?

  • Tomoko Hale
  • Most Popular Reply

    User Stats

    4,130
    Posts
    4,111
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    Henry Clark
    #1 Commercial Real Estate Investing Contributor
    • Developer
    4,111
    Votes |
    4,130
    Posts
    Henry Clark
    #1 Commercial Real Estate Investing Contributor
    • Developer
    Replied

    OP.  Develop a relationship and stick with them.  Rate variations should be a minimal point.  There should be no follow up information they bring to the table.  

  • Henry Clark
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