Mortgage broker vs credit union, community bank

[Lester Walkowicz]

I have my first flip deal behind me and I'm looking into purchasing a new deal. With some cash on hand and still having the ability to get a loan. What what would give me the best option at receiving the best deal; should I contact a mortgage broker or speak to a community bank or credit union? Thanks in advance for your thoughts.

[Thomas S.]

I have never used financing for a flip but always rely on my broker for locating financing for a hold property.

The reality is that a broker does all the leg work for you, can probably find a better deal and will  be dealing with  hundreds of financers, probably including the same ones you would contact directly.

You can still approach your local bank but defiantly use a broker.