How do you compare lenders to save big on your flip?

[Ekaterina Lansky]

Hey BiggerPockets flippers,

Choosing the right lender is make-or-break for a fix-and-flip deal. A slight difference in interest rates or fees can turn into a budget blowout that eats your profits. As someone who’s built tools to help investors streamline financing, I’ve seen how much comparing lenders can save you.

What's your strategy for picking the best lender? Are you hunting for the lowest rate, prioritizing fast funding, or digging into loan terms like LTV? Any go-to methods or tools for comparing rates to keep your deal on track?

Let’s share some tips to help each other maximize profits and avoid those costly surprises!

Cheers,

[Kevin Ivey]

I keep lenders in two buckets fund fast 7 days or less no physical appraisal, and more along trad 30 days typical appraisal.  

Ease of process and then construction draw expenses and timing become more important to me.  Most of my flips are less than 5 months so interest rate matters but other factors can be more important.