Pre-Approval or come with a deal to bank
Should I go to multiple local banks to seek pre-approval on a loan prior to having a deal or is it better to come in with an already analyzed deal under contract?
I’ve heard differing opinions on this and was hoping to get some input. I have good credit and some cash to put down but don’t want to start getting a lot of inquiries against me until it’s time. I also understand having the approval number in mind when analysis gets properties. So I’m torn. What does the bank prefer when starting out?