Many banks do not advertise they are portfolio lenders and…
““Many banks do not advertise they are portfolio lenders and many people working at the bank may not even know what a portfolio lender is. If you are calling up a bank and they say they aren’t a portfolio lender, don’t give up! Ask to talk to a loan officer and ask specific questions about what type of investor programs they offer. Here are some good questions to ask; Do you loan to investors who already have four mortgages? Do you sell your loans or keep them in-house? Do you allow investors with four or more mortgages to do cash out refinance? What terms and loan programs do you offer investors? ARM, 15, 30 year fixed, balloon? What interest rates are you charging and what are the initial costs for your loans? What””
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Advice on navigating banks to find portfolio lenders, emphasizing persistence and specific questioning.
In simple terms: Persistently ask banks detailed questions to locate portfolio lenders.
Key Takeaway
Ask targeted questions and stay persistent.
Themes
finance
banking
investing
portfolio lending
due diligence
Mood
informative
pragmatic
Type
Investing:1
Lenders:1
Portfolio Lender:1
Portfolio Lenders:1
Loan Investors:1
Lenders People:0
When to use this quote
- loan application
- investment planning
- bank negotiations
Key Concepts
risk assessment
financial strategy
client advocacy
Questions to Reflect On
- What specific criteria define a portfolio lender?
- How can you verify a lender’s offerings?
A Different Perspective
Portfolio lenders may be rare and hidden.