• Secrets of Comparing Mortgages and Lenders

  • Feb 7 2025
  • Durée: 58 min
  • Podcast

Secrets of Comparing Mortgages and Lenders

  • Résumé

  • Learn the secrets to comparing mortgages, loans and lenders in San Jose.

    This class is Module 21 of 46 in a series called Real Estate Investing Secrets.

    Topics covered in this module include:

    • Why selecting a lender isn’t always about price… and what are some of the other selection criteria to consider.
    • Why just because one lender says it can’t be done, doesn’t always mean that it can’t be done.
    • The best ways to find a lender.
    • How to call lenders to get quotes.
    • Why you shouldn’t let each lender pull your credit and what you should do instead.
    • A list of interview questions for lenders.
    • My email for requesting loan quotes and response rates.
    • What should you provide to each lender to get the best quotes.
    • What you might expect to get back when asking lenders for rate quotes.
    • A spreadsheet for comparing different loan programs.
    • How to compare quotes from different lenders.
    • What should you ignore when comparing loans between lenders? What should you compare?
    • Why you can’t use APR to compare different lenders and loan programs.
    • Comparing appraisals.
    • Getting pre-qualified and getting a lender letter.
    • Why lenders quote rates and points differently and how to deal with it.
    • In an ideal world, what you would receive back from a lender and why it is useful.
    • Special considerations if you’re utilizing a specific real estate investing strategy.
    • Understanding how lenders get paid.
    • Understanding lender fees.
    • Understanding PMI.
    • What you should compare directly when comparing different lenders.
    • The second step when comparing loan programs using a deal analysis spreadsheet.
    • Tips for selecting a lender after comparing loan programs.
    • Getting lenders to compete for the best rate and terms.
    • Additional services that lenders offer beyond getting this loan.
    • Plus much more...

    Check out the video and additional resources related to Secrets of Comparing Mortgages and Lenders.


    Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

    https://RealEstateFinancialPlanner.com/spreadsheet

    Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

    Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the San Jose real estate investor podcast? Book a free consultation to discuss.

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