Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago,

User Stats

7
Posts
3
Votes

securing first property funding

Posted

Hello All

from what I've read and heard is that I need to see what amount I qualify for before I find my first property so I can move quickly when I find it.

I also heard/read to check between 3-5 different lenders to see who has the best to offer. My question is that if I go from bank to bank, won't each inquiry affect my credit score?

Or would I just see what I qualify for through a HELOC or whatever seems best at one institution and then compare my first option to other lenders for the best rates?

Hopefully this makes sense. I want to get multiple options without having multiple credit inquires.

Thanks in advance

Loading replies...