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Updated about 3 years ago, 10/09/2021
How qualifying for many loans works?
Hi,
I'm looking for an idea of what kind of financing I can get. I'm looking to quit my job in about 6 months, so need to make my purchases one after another until I'm tapped out because after that loans won't be an option for a while.
Is getting four 120k loans like getting one 480k loan? How does this all work?
I asked USAA who has pre-qualified me for my first purchase, they responded "To answer your questions, there are three things we look at, debt to income ratio, assets, and credit profile." Which didn't really answer my question... In other-words they'll tell me as we go along If I can qualify or not.
I know nobody can answer with any certainty, but figured you guys would have a better idea how it works.
Thanks,
Jeff