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Updated over 3 years ago on . Most recent reply

Nathan Barshinger's profile image
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Nathan Barshinger
  • Realtor
  • from York, PA
  • Member since Oct 27, 2020
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Nathan Barshinger's profile image
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Nathan Barshinger
  • Realtor
  • from York, PA
  • Member since Oct 27, 2020
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Nathan Barshinger
  • Realtor
  • York, PA
28
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140
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Private Lending & Conventional Mortgage Advice

Lock in Line of Credit before I lose my job?

Nathan Barshinger
  • Realtor
  • York, PA
Posted

If I might lose my job soon, would it be smart to lock in at least a line of credit before I won't be able to qualify anymore? Or doesn't it work that way? I'm planning on buying a rental when I have 80k in savings which could be soon.

On a side note if I do lose my job, that might be the extra push I need to get into RE full time.

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Ned Carey
  • Investor
  • Baltimore, MD
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

@Nathan Barshinger dig your well before you need it.  Yes get the line of credit while you still have income to qualify. 

  • Ned Carey
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