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Updated about 8 years ago,
Newbee question on prequalifying
I currently live in Massachusetts, Framingham in Metrowest area, but grew up in southern Maine and am considering looking at both locations to find the first multifamily that my wife and I are hoping to buy and start the real estate investor journey. My question is, if I get pre-approved for financing at a local portfolio bank in Mass, can the loan be used for a property in Maine, or any other state for that matter or do I need to find a lender in the state that I'm looking to buy in?
Thanks,
Anthony