Submitted by [deleted] t3_z82yb4 in personalfinance
Former_Outcome9404 t1_iy9qgnm wrote
Reply to comment by uber_neutrino in How to approach the bank about my pre-approval letter by [deleted]
I know the amount of cash down determines the size of the loan for sure but as it stands I plan on house hacking and qualifying for FHA loan
uber_neutrino t1_iy9r00o wrote
So it's not an investment property it's going to be a residence. Planning on maybe a 4 plex?
Former_Outcome9404 t1_iy9r2h8 wrote
Correct
uber_neutrino t1_iy9rbyp wrote
Makes sense if you can pull it off. Interest rates are way up now though so make sure you double check all your numbers.
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