I'm Not Prequalified Yet...

[Olivia Radziszewski]

Hello BPers,

I have a few questions regarding prequalification if someone can clarify. I am looking to close on my first deal within the next 6 months. I have found a few good deals and I wanted to go see the properties. I keep hearing that you should be prequalified before you go check them out. So my question is, is that in fact the right way to go about things, wait until I am prequalified?

On another note, can I get prequalified by multiple lenders??? Or once I get prequalified by one lender I cannot go and shop around at the various options I have. 

As well as what if I get prequalified for a certain number and the property is higher or lower than the prequalification number. 

Thank you in advance for your responses!