Do you prioritize competitive rates, flexible terms, or quick approvals when securing funding?

But, would my 2024 income even be considered towards pre-approval given it is not on a tax return yet?

Just in general, that doesn't make much sense.Do you have the the capital and approval to buy a new home without tapping your equity?

How much loan can I get approved for?

As we already stated, given the amount I am approved for the inventory selection at the moment is already really low.

Get pre-approved for a loan, set up alerts, and assess older properties.

You can often secure a loan based on the property's value rather than your financials, making it easier to get approval quickly and move on deals like the one you found.Using private money can help you fund the purchase and the rehab costs without tapping into your home equity or savings, which gives you more breathing room and allows you to focus on the project.If you’re interested, I’d be happy to walk you through how private money lending works and how it could help with your current deal.

It would have to be in the best interest of the creditors in order for that to happen (get approved).You would also have to pay the lender that put the loan into foreclosure, in full, or face their objection in the hearing.

If they’re approved and pay the deposit I’m done.

With the equity agreement nothing changes to the rates of the current mortgage and it’s much easier to get approved.