You should be asking for any kind of pre-approval letter as well.

The biggest challenge was resolving the parcel recombination, which involved acquiring additional land and coordinating with the city for approval.

The biggest challenge was resolving the parcel recombination, which involved acquiring additional land and coordinating with the city for approval.

Take Action = Get pre-approved/deal analysis/write offersI love the plan of purchasing close by. 

You can't approve or deny someone based on something that "may" happen.

It typically takes 1-3 months to find your home and a month to close, so you want to start now by getting approved for a mortgage.

That’s another reason to hold off on an offer, since there's no proof of cash to close yet.As for the HELOC funds, I'd proceed cautiously with borrowing from other sources if you’re not yet certain the loan will close, and I’d double-check if your application has been officially approved. 

Yes, rents have been decreasing in certain areas, and it’s definitely having an impact on how landlords are handling tenant approvals.

The idea is if banks were doing all the owner occ loans the cost to the buyer would go down by 5k to 15k per transaction depending on the price of the home  Plus approvals would happen faster and there would not be this intense need to solve the underwriters every little crazy question  I am sure you have run into this over the years..

Nick, I just renewed a policy on a property in Mobile, AL with premium at $3,016.