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Updated over 4 years ago,
Non-expiring pre-approval? How do you do it?
As you will be able to tell by my question, I’m new to this and looking to start investing.
I have the funds for down payment and have the credit for a loan. But if I don’t know when I’m going to find a deal to finance, how can I have a pre-approval I could use at any moment if they expire? Otherwise, I lose the deal because someone else has their pre-approval available at the time of the offer.
For my first investment I’m not looking to do owner financing or anything like that. Unfortunately, I haven’t been able to find a mentor and I’m trying to keep things “as simple as possible.”
Thank you in advance for your help!!!