Questions to ask small lenders

3 Replies

I am a new investor. I want to shop lenders, and I received a list of lenders from a local trusted realtor. I wanted to know what questions I should or shouldnt ask to a lender. Should I tell them I'm in investor looking for my first property? That I could like to refinance if I could? Do you give loans on the equity price not just the purchase price? Etc. Thank you for your help.

Yes the more you tell the lender the better they can structure your deal to make sure everything works and no unexpected surprises down the road. Be as transparent as possible