One of the first things an investor needs to do is get pre-qualified. Getting pre-qualified for your loan is going to do 3 things.
- Let’s you know, as an investor, what you qualify for.
- Let’s the seller know you are pre-qualified for a loan. You receive a letter with the pre-qualification amount.
- Having the pre approval ahead of time allows the closing to move quickly when you have the executed contract.
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