How many pre-approvals should I get + bonus questions

[Garret Myers]

Hello friends,

I've got a few specific questions:

- How many lenders do you send your application to for a pre-approval?

- Does each lender's hard pull cause my score to go down? (I read it doesn't if it's all within a week?)

- How long is the pre-approval good for? (I'm finding various answers)

- Looking to purchase this as a second home, and rent it out as a STR when I'm not using it. Anything special I need to know about? Wanting to put 10% down.

- What questions would you ask to qualify a lender, prior to doing the entire application process? 

If you're an Orlando lender and investor, please feel free to message me!

[Kim Meredith Hampton]

@Garret Myers 

I would recommend trying to choose one lender and sticking with that. Depending on the lender, the approvals are good for 30-60 days

You can rent out the property and use as a second home, just not on an annual basis. Most of my clients have done 10-20% down on second homes