How To Get The Best Home Loan (and not get screwed)

[@Gythawen]

From my understanding, multiple credit pulls do not have a score hit beyond the first one within 30 days. I recently purchased a couple properties and during lender shopping I had my credit pulled by a dozen banks, my score went down 3-5 points total. I don't think this is really something to worry about, especially if you end up getting the loan, it will more than make up for the slight hit.

[@ivantrevizo5225]

right, this guy doesnt know what he's talking about,

[@muhammadickhsanmufthi228]

badass advice from a badass man. However, does this still apply in today's market now that the mortgage is rising?

[@DxROC]

Great video!! Very informative!

[@nelsonluciano59]

Hey, thank you for all the amazing videos! Could you talk about a construction loan and how all the process works? If it's better to buy the land first or no, buy a wooden lot or the different options. I would truly appreciate it!!

[@torincarl7934]

I guess it's pretty off topic but does anyone know a good website to watch new series online ?

[@daxtonjace6601]

@Torin Carl ehh try flixportal. You can find it if you google:) -daxton

[@torincarl7934]

@Daxton Jace thanks, I went there and it seems like they got a lot of movies there :) I really appreciate it !!

[@daxtonjace6601]

@Torin Carl glad I could help :D

[@ltay5952]

Are you saying that non-taxable retirement income or disability payments cannot be included as income when qualifying?

[@merandaseeber684]

❤I do badly want to be a home owner, I do not exactly understand everything you said but I'm hoping that I can❤

[@cascadinggainz6043]

i love that last tip i wish i did that when i bought my house. :/ but my next house or 4 plex i will definitely be using this. you definitely earned this like buttom.

[@chinoc7046]

You're amazing brother!!!

[@lovecodwaw]

You can also get you 3 credit reports for free once a yr from the goverment. Dosent hurt your credit or anything. (Atleast for the first pull thats free)

[@sickmansgas483]

Where’s the video about negotiating with the seller?

[@KensingtonPhiladelphia]

I have no income, but a 750 credit score. Is there any way to get a loan on a rental?

[@MattTheMortgageGuy]

find a local broker and ask them about a DSCR loan (debt service coverage ratio) - you put 20-25% down and the payment (PITI) is less than the rents you can get a loan. Slightly higher rate and feesf but possible. Cheers!

[@evangonzales4848]

how can you tell them your credit score w out them running it ? i mean i would think they want t to verify it themselves instead of going off your word

[@GusPluss]

do credit unions do loans for 5+ units multifamily commercial real estate?

[@shawnschondra7476]

I wish I could sit in on the process just to watch it all

[@CryptoBlick]

Great points Chandler! I just told my Dad to shop around for his rates this past weekend because of the numbers his local bank was quoting him.

[@joshengen4480]

I like the video but it's not quite as easy as you make it sound if you're getting a conventional loan. Cause you can't lock the rate until they do their initial approval and by then one if the other banks you were looking into may have a better rate. The other thing is closing costs differ as well so that should be taken into account.

[@JaneReynolds-e4b]

how much extra cost for this company

[@Keyumiz]

So just to clarify if I lock in a rate with one lender, I can still go with a different lender instead if I choose?

[@AllBraunZeroBrains]

From my very basic understanding, you secure a total for the loan, but you won’t get the loan until you close on a deal? So you can get a confirmed rate, but choose to use a different one? Sorry if it wasn’t a solid answer haha

[@rlanderson3]

Multiple pulls don't impact your score any more than the first. If you're gonna have one pull, might as well have them all do it so long as you're gonna move forward in the 45 day window.

[@Postofficejoe]

You are correct...many people don't know this.

[@CaseyBurnsInvesting]

Shop those rates folks. When banks compete, you win.

[@kimprince6048]

Good content Chandler, I wish it truly works like this with most banks but it doesn't. Most of them tells u we can't move forward until we pull credit or submit application & we'll get back to you bcos they're overwhelmed with workload. Thanks for your motivational posts & insights.

[@TheWealthyIdiots]

That’s not right. I’ve done this several times recently and got quotes from all without a credit pull.

[@primorojo9481]

God bless your soul

[@MattTheMortgageGuy]

One of my favorite pieces of advice: “Search long and hard for the very best price, you’ll find the biggest liar.” Essentially buyer beware if you are only focused on price/rate and don’t do any research on the quality/reputation of the lender you’ll be gambling. Cheers!

[@eeezee3385]

Here’s a question for you. I just turned 18 and do not qualify for a credit card. Because my business income was off the books (which was dumb). However I have enough for a 50% down payment on a multi family in cash. Any suggestions?

[@Tokernoph]

Thank yoy

[@TortoiseCashFlow]

This is genius. Thanks for sharing your strategies!

[@LukesPointsandMiles]

Great Video Chandler! I had a really funny experience with a lender that was very dishonest during the purchase of my first rental property!!!

[@CRYPTODOODE]

Chandler you the best teacher ever

[@lifewithdt7657]

Great video! Just signed a contract on a new build in Austin Texas by the giga factory. Should I still shop around for rates, I was Planning to go with the builders Lender since they’re offering $5000 towards closing cost $3000 towards upgrades and level up on flooring, what do you think.

[@mindsamazing9179]

Yeah.... no that is sleazy.... sorry. I can understand one round of making them compete. But to go back multiple times knowing you’re not going to use that person is pretty low. RE is about RElationships. I’ve bought and sold over 200 homes and would never consider doing this to my loan officer. Chandler I know you’re in the service industry and maybe it’s different selling pest control but I had a hard time watching this one. Otherwise I love watching the rest of what you got to share.

[@saulramos8100]

“Do something uncomfortable” Would you be my mentor! I just bought my second rental property! Thanks to you.

[@jalvarado1911]

I’ve had banks or credit unions tell me before “to continue with the application we have to run your credit to give you accurate numbers” even though I would tell them what my credit score is based off credit karma. What would you suggest I could counter them with to not reach a stopping point?

[@rlanderson3]

If you're worried about your score dropping by 3pts you're probably not ready for a mortgage, IMO.

[@Pantera972]

Credit karma doesn't always display your actual credit score. Experian does though anyways checking your credit will only drop 5 points so it's not a big deal.

[@rlanderson3]

Your Credit Karma score is always different than your mortgage score anyway so its of minimal value

[@souriasli3468]

I will download your course. Will let you know my feedback soon

[@rickrjw]

Do not pull my credit!

[@austinbrunz4932]

Great video. Wish I had watched this before I bought my first property.

[@zp4291]

This only maybe works in hyper-competitive markets. Try doing this in the mid-west and you'll get shown the door right quick. Graham says to do this exact same thing on his channel. With lines out the door for mortgages, unless you're getting a $million or more, why would anyone waste their time jumping through hoops?

[@MattTheMortgageGuy]

Exactly. you'll end up with a crappy and desperate loan officer. Any pro will show you the door real quick. And you really want to work with a pro

[@callmeosho7792]

You know this video is dated when you hear 3.2% interest rate.

[@wenbilcken4457]

I was the person that drove past you in my Prius, by your new house.

[@jeffdorris5321]

Nice work 🎇✨🌠

[@ozzygroberg4349]

When are we playing pickleball haha

[@907FantasySports]

This is the video we all need!

[@arianasherry3289]

Cool

[@AquaBlueKC]

Gold!

[@tonyluke9018]

Nice video!! Very engaging from beginning to end. Nevertheless,businesses and investment are the easiest way to make money irrespective of which party makes it to the oval office

[@scottwalter2620]

I invested in both stock and crypto but currently i believe crypto is doing more better

[@johnson9417]

I think it's a valid argument that the market is doing exceedingly well

[@jamestejas]

@@johnson9417 Crypto is the future

[@stevenpaker9756]

Stock are good crypto is better

[@kenneyeddy2065]

I heard that his strategies are really good?

[@kerryarmstrong5565]

It is crazy right now I can’t find any multi family in my area. 😳😳😳

[@DGBAntho]

:)

[@harryolowo1823]

FixMyCreditDoctor