Secrets of Comparing Mortgages and Lenders

Thousand Oaks Real Estate Investing & Real Estate Financial Planning™ Podcast

Learn the secrets to comparing mortgages, loans and lenders in Thousand Oaks.

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

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