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Jonathan Pluviose
  • Elmont, NY
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Pre-approval Package prior to LOI?

Jonathan Pluviose
  • Elmont, NY
Posted Oct 13 2017, 00:10
How do I go about getting a pre-approval? I don’t have a property under contract yet, but the idea I had is to present a minimum performance scenario. Basically agreeing with a lender that, if I find a property that produces certain numbers or better, then they’ll fund the deal post a formal inspections. My goal is to shorten my financing contingency, & be a more attractive first time buyer. Thanks J

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