038 - PART 2 - Case Study in Buying: How do I work with a bank?
Feb 07, 2021•23 min
Episode description
We continue our conversation with Hernandez about moving closer on buying his first house hack.
Listen in for answers to questions like...
- I want to start shopping for a house? How do I get a bank to give me the money?
- How long does my bank approval last? What do I do if it expires?!
- Won't shopping for a mortgage hurt my credit score?
- How much should I get pre-approved for?
- What if I am pre-approved for $500k but make an offer for $300k? Won't the seller counter with a higher price once they see I am pre-approved?
- How do I get a loan to fix up the house I am buying?
- Should I do a 15yr mortgage or a 30yr?
- Should I borrow money from my 401k?
- What is the accomplishment of the month.