Getting started lending questions.

[Ian Hutton]

Hey everyone first time with everything! Lol I’m looking into lending options for my situation, but I’m confused on we’re to start. 

I’m lookin into houses at are 175k and below however for a down payment I was planning on using a cash out refi for the Down payment/ unexpected costs. since my home has appreciated 100k I figured this would be a good place to start. 

I’m trying to get in touch with lenders to get prequalified on the home, but we’re I’m confused is. 

Does the lender need to qualify me for a 175k home in total or just 140k since 175-35downpayment = 140

Lol anyways I’ve been reaching out to a few lenders but am generally confused on what’s the best way to get started for me. 

Thank you in advance love this group!