You found a good loan officer with no problems when you bought your residential home. So finding a solid mortgage lender to work with you in your real estate investing business should be a breeze, right?
Actually, the difference is like night and day.
But don’t worry… Cody Sperber to demystify your loan company options and give you all the tips you need to land yourself a solid mortgage lender.
Mortgage Broker or Banker
Let’s begin with a basic understanding of the difference between a mortgage broker and a mortgage banker, since you could choose either one.
Think of the mortgage banker as a direct lender. In other words, this entity is lending you its own money. This is true even though later it may sell the loan to a secondary market.
Now think of the mortgage broker as the middleman. This broker will have contact with a number of lenders and is able…
Cody Sperber
is founder and CEO of www.CleverInvestor.com. He's successfully closed many different types of real estate transactions including wholesale deals, short sales, multi-unit, subject to, lease options and my own proprietary investing strategy, the Reverse Short Sale. As a new investor he quickly gained a huge competitive advantage by mastering online lead generation, building one of the most successful real estate investing firms in the Arizona market. His companies have bought and sold hundreds of millions in properties and closed hundreds of real estate transactions. Before real estate, Cody served in the Navy and attended Arizona State, and he is now married to his best friend and has two beautiful children (Hudson and Brynlee).