Funding Documents before looking for real estate

[Ken Powell]

If you are planning on buying real estate in Virginia Beach area I highly recommend getting a pre-approval letter or proof of cash (POF) from at least two different lending institutions before you start looking for properties. If you budget is $100K. Get a pre-approval for 50K and another for $100k that way you can make offers as soon as you find a property you like. Some properties require POF before you can view the property. Waiting to get funding documents after you find a good property can be costly.

Ken