I received a Pre-Qual Letter from a line of Credit

[Courtney Merricks]

Good Afternoon BP'ers,

I received a pre-qualification letter from one of my personal banks last week for a line of credit up to $50,000. I was thinking that this may be God sent considering the funding I am short for one of the deals I currently have under contract or should I not waste my time or points to my FICO score on this offer. Just this past February my full time job ended due to funding, so now I am investing in real estate full time. I received a severance package and had money saved, so what is the best way to present my finances and deal to the bank to get the line of credit approved?

Thanks for your comments and suggestions...