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Updated over 4 years ago on . Most recent reply

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3
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Adam Leone
  • Manchester, CT
0
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3
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Preapproval Timing: Should I wait until work makes its layoffs?

Adam Leone
  • Manchester, CT
Posted

Hello, BP!

First official post to the forums. Looking to begin my real estate investing journey with a house hack. As the title suggests, I'm trying to understand if it's wise for me to wait until I get complete information from work before actually pulling credit for preapprovals. Beyond the obvious options of staying or being let go, I might also be a candidate to move locations as well. I should have a clearer picture within a couple weeks, but all options are equally likely to me. In the meantime, should I keep my appointments and just have them run some numbers for me with an approximation of my credit? I have a pretty good idea where it stands, so it should be somewhat accurate. Would it even be worth doing considering the income figures they'd be giving the estimate on would be inaccurate if I did get laid off? Any info is appreciated!

Thanks!

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