Updated over 9 years ago on . Most recent reply
Getting mortgage pre-approval before making an offer?
Do you guys tend to get mortgage pre approval before making an offer? I would prefer not to do a hard pull on my credit. Also, how do you guys go about finding the best lender packages? Interested in hearing the thoughts of fellow investors. Thanks.
Most Popular Reply
Good question. As a seller, I insist upon the Pre-Approval and Verification of Funds to prune the lookie-loos and avoid a failed escrow from the inability to get financing.
As a buyer, I would wait for the seller to request either/both and most don't even know about these.