Learn the secrets to comparing mortgages, loans and lenders in Lincoln.
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.
Looking to buy or sell property in Lincoln, NE? Call Jake Grenemeier of Clover Real Estate Services with Next Home Integrity at (402) 302-0088. Or, check out his website at www.Clover.RealEstate or email him at Jake@Clover.RealEstate. Jake specializes in helping real estate investors in and around Lincoln.
