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Updated about 4 years ago,

User Stats

15
Posts
11
Votes
Patrick V.
11
Votes |
15
Posts

Will I get better rates if I have a full time high paying job

Patrick V.
Posted

Hey all! 

My intro post covers it a bit more but I am planning on quitting my job and going full time in to real estate.

I figure prior to quitting I should lock down a property w/ conventional financing since the bank will give more favorable rates if they see I have a large paycheck and W-2. Is this a valid assumption? Does this apply to both investment and residential loans? 

I would prefer to purchase and renovate my next property after quitting since I will have full time to renovate it myself, etc. but if my assumption is correct I should purchase it while still working full time.

Thanks for any information!

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