Private Lending & Conventional Mortgage Advice

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Harrison Chow
  • Real Estate Agent
  • Columbus, OH
126
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95
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Bank Lender or Mortgage Broker

Harrison Chow
  • Real Estate Agent
  • Columbus, OH
Posted Jul 25 2019, 09:26

Hi Guys!

My first post here... I'm at the beginning stage of BRRRR process, trying to assemble a team of experts and one being the lender. Do you guys prefer working with one or two lenders or do you have a mortgage broker that hunt the best deal for you? What are the pros and cons for each?

I know there are multiple options to get the cash out refi such as traditional banks (up to 10 loans) and portfolio lenders where the sky is the limit - but with higher interest rate. That's what read in David Greene's BRRRR. I don't recall him mentioning mortgage broker... please share your wisdom with this novice here!

Thanks!!

Harrison

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