3. Transparency in Investment Property Loan Rates & Terms
While each transaction, property, and scenario is completely unique, the more transparent a mortgage lender is upfront the better the odds you’ll be given a great deal when it comes time to close.
4. Indicative Transactions
Has this mortgage lender actually funded any investment property loans like this before? Some entities sadly make plenty on upfront application fees they never need to approve loans. Others just prefer a certain niche type or loan, in a certain geographic area. Ask, but also look for indicative transactions which may indicate this is a good fit.
5. An Efficient Investment Mortgage Lender
Look for an efficient lender, who is tech savvy, and can pass on savings to borrowers, and work fast.
6. Reasonable LTVs
Look for a mortgage lender that offers aggressive enough loan-to-values without going so far to be unsustainable. This will indicate a lender who is serious about serving investors, while ensuring they and their clients will be around for a long time.