Questions w/Pre-approval Process

[Jamie Lee Eang]

My husband and I are looking to purchase either single family or multi-family home and are currently in the process of analyzing deals. We live in a very competitive market, greater Seattle area, and deals go very fast. In light of this, we would like to know how much we will be preapproved for so we can have a better understanding of financing for when the time is right. That being said, how long does our preapproval last? We also know that we should check with multiple banks within the 30 days so as to not take a large hit on our credit score. Any tips or thoughts?? Thank you!