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Private Lending & Conventional Mortgage Advice

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Jeff L.
  • Investor
  • Pope Valley, CA
15
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108
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What's the best way to look for a mortgage lender today?

Jeff L.
  • Investor
  • Pope Valley, CA
Posted Mar 22 2015, 09:55

I'm a brand new investor. Have never bought a house and am completely new to everything including financing.

1) What's the best way to look for a mortgage? I've heard banks, credit unions, mortgage brokers, mortgage banks? Are brokers more expensive?

2) Has anyone used Zillow's mortgage preapproval thing? What was your experience like?

3) Do pre-approvals expire if you take too long to find a property? What's the time limit? I'm scared of not being able to find a property fast enough after getting a pre-approval.

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