Pre Approval Application

[Larry Weyer]

I competed a pre approval application and selected primary residence and got the approval for my desired amount. 

Our primary residence is solely in my wife's name. Can I use my primary residence loan to buy an investment property? 

Do I need to go through the application again and choose investment property instead? Or do your think my pre approval is very similar and I can proceed with finding a house and when it's time to finance I can just let them know then? I'm sure it changes how much of a down payment I will need. 

If I was allowed to purchase a property via primary residence, do I lose all tax benefits of an investment property?