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Updated over 10 years ago on . Most recent reply

Jeff L.'s profile image
Jeff L.'s profile image
Jeff L.
  • Investor
  • from Pope Valley, California
  • Member since Oct 27, 2014
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Jeff L.'s profile image
Jeff L.'s profile image
Jeff L.
  • Investor
  • from Pope Valley, California
  • Member since Oct 27, 2014
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Jeff L.
  • Investor
  • Pope Valley, CA
15
Votes |
108
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Starting Out

Do I apply for loans before or after finding the property I want?

Jeff L.
  • Investor
  • Pope Valley, CA
Posted

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 the process now?

It seems strange to go mortgage shopping before I know when I'll be making the purchase. Is there a length of time before the "preapproval" expires?

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Jerry Padilla's profile image
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Jerry Padilla
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  • from Rochester, NY
  • Member since Mar 25, 2014
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Jerry Padilla's profile image
Jerry Padilla's profile image
Jerry Padilla
  • Lender
  • from Rochester, NY
  • Member since Mar 25, 2014
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Jerry Padilla
  • Lender
  • Rochester, NY
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Jerry Padilla
  • Lender
  • Rochester, NY
Replied

@Jeff L.  As everyone else has stated, you want to get pre-approved prior to looking. 

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