Troy Parker
Shopping Rates and uses preapproval letters to get better offers
Hello BiggerPockets Community!
I am officially under contract for my first home purchase and am scheduled to close 2/17/24!
I am shopping rates between PNC bank, a credit union, two private lenders, and a potential...
Montez Greer
ALL CASH OFFER (But I have a pre-approval letter)
So I put in an offer on a house for $75,000 ALL CASH. I plan on getting that cash from a Hard Money Lender. When my agent asked me for proof of funds, I sent them a pre-approval letter from my Hard Money Lender. Now t...
Tyler Wagner
Is it necessary to get pre-approval before submitting an offer?
Hi all! New member and investor here. I'm curious if you need pre-approval before making an offer on a mobile home Park, or just put in the offer and figure out financing later? Or does it depend on the seller? I migh...
Sean Dougherty
Made a full price CASH offer on a preapproved short sale BUT...
ON 10/30 I made a full priced cash offer on a pre approved short sale. The listing agent has assured me that as of now mine is the only offer that has been submitted to the bank. She was confident that deal coul...
Scott Lembach
Pre-approval Letters in advance of making an offer to a seller:
Hello, First-time investor question for you:I'm going on a road trip in search of a duplex. I have excellent credit and proof of steady income. Should I contact a local bank or a Mortgage Broker in the state/s of i...
Will F.
Getting Pre-Approved and making offers on Multi family Apartments - 4-12 units
Hey gang,
So I was wondering about the process for making offers on Multi-Family apartments.
I've had experience with purchasing small office and 1-4 unit properties in past.
I was wondering wh...
Jeff L.
Do I apply for loans before or after finding the property I want?
Do I visit the bank to get funding before or after finding the property I want to buy?I'm starting out and have no idea when I'll find the property I'm going to put an offer on. Should I go to the bank now and start t...
Peter Bui
Getting Preapproved for a loan necessary?
Hey everyone,
So I have been talking to a few real estate agents and the first question they always ask is if I have gotten preapproved for a loan. Is this a necessary step I need to take before purchasing a home?
...
Jonathan Baker
Mortgage pre-approvals
This is one thing that still confuse me. What is the need of a mortgage pre-approval? I have a cousin who bought a new house recently by taking a mortgage. She had taken pre approval mortgages and she said that it mak...
Megan Hornyak
Pre-approval for multi-family properties
Hi everyone! I am looking at purchasing 2 multi-family properties and they would be my first investment properties. I have 20% down and excellent credit and am looking for conventional mortgages. When buying an in...