Buying investment properties is a process. If you’ve ever purchased a home with bank lending, you know just how it is – a complex process of sending, signing, and receiving documents. Then there’s the appraisal, closing, and everything happening behind the scenes.
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7 Tips to Fast Track Investment Property Financing
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Mortgage Pre-Approval Very Important Before Investing in Real Estate
As many of you know, if you want to use traditional financing when purchasing a property from any of the Memphis Invest companies, a pre-approval with one of a dozen different lenders is required. Why is that a requirement? As you can see with the infographic below, a pre-approval letter not only gives you a ton of credibility, but it also gives you peace of mind.