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Posted almost 8 years ago

Shop Around for the Right Lender

I have been trying with my hard money lender for awhile to get a house under contract. When my contact went on maternity leave, they had to hand off my file to a coworker. I found out quickly that intelligence and willingness to work is is valuable asset. 

My new officer wasn't capable of reading or answering emails, so I was forced to shop around. I was having the most trouble finding deals because my cost of borrowing money was a little too high. What I found was there were other lenders willing to give me cheaper money! This made my margins higher and let previous losers cash flow! 

I recommend setting aside the time to get at least 3 lenders' rates before settling on the first yes 



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