I had a 750k pre-approval lined up but due to a break up with my long time gf things have changed , I have about 60k liquid in my savings , another 14k in my Roth ira and another 19k also in the stock market for a grand total of 93k , the real issue is getting the loan , this year I will file for about 40k in taxes but I'm looking to capitalize on a house back while rates are low .

The loan is locked, underwritten and approved...and the payoff is ordered.

I plan to leverage an FHA loan as an owner / occupant and put 5-10% down.I understand the difference between pre-qualification and pre-approval for a mortgage.

Received two sets of applicants, both have been approved.

For all of you active real estate investors that want to be able to pounce on a deal as soon as you find it, I'm assuming you are always in good standing with a lender and have a pre-approval letter ready to submit with the offer.

DEBTOR's PRISON no longer exists.  

If you have $1m in rental property mortgage debt, we will only approve your loan if you have $500,000 in a checking account.Lender D: No change to guidelines.

Sounds like I should be worried about getting my application approved then

@Lance Lvovsky On my properties, I make decisions on repairs, sign contracts with renters, approve contractors, and pay a property manager to collect rent and make inspections.

My property manager’s policy is for the landlord to ultimately approve potential tenants based on the financials and background checks they obtain and provide.