Wise consumers know it’s always best to shop around before buying. Impulsive purchases often lead to regret, while considered decisions lead to high-quality results. The same holds true for investment properties. It’s tempting to jump on an attractive opportunity, rushing to partner with a lender so you don’t miss out. But any good investor will tell you there’s so much more to a deal than what you see on the surface.
How lenders treat you, their response times, their depth of knowledge, and their overall industry authority should carry weight in your decision. Investment property lenders who are friendly and accommodating but have little experience in your chosen investment field are not ones with whom you want to work. Many factors influence the health of a lending relationship, and you can only discover those over time.