How do I shop for a mortgage?

[Dakota Ferguson]

Hello BP! I have been browsing the forums and researching about a year now. IT IS TIME TO GET THIS FIRST DEAL DONE! I plan to get a deal within 90 days. First step securing financing. I plan to house hack my first deal to minimize my risk. So conventional mortgages or FHA will probably be how I finance. I need advice on how to get the best rates possible. If there are INVESTORS who can refer lenders or brokers, please do. I was contacted by a loan officer who ran my credit and offered me 4.375 with 5% down on 200. I think if I shop around I can do better, but I want to know who is competitive before running my credit. I have 2 properties I plan to make offers on. (Duplex's) How do y'all shop for a mortgage? What should I consider? Let's do this!

[Thomas S.]

The best way is to use a mortgage broker especially if you plan on additional investing in the future. Make sure you let them know your future plans to be able to structure your mortgage the best way.