Seeking Pre-Approval Multiple Times
My understanding is that during the loan approval process the underwriter will typically look at the previous two years of tax returns... This past year I did well financially, but the year before that was not very good financially. I anticipate this upcoming year (2020) to be a good income year. Should I wait to go through my pre-approval until I have two good financial years in a row or should I just go through the process now because it can't hurt anything? Is there a danger is getting stigmatized by the lender if they reference my previous approval requests when my financials weren't as good?