HML Questions
I'm sure the answers to my HML questions are in Steve's book, but I'm still waiting for it to arrive.
1. should a prequal letter be attached with every offer that is not a flip
2. if you reuse the same prequal letter repeatedly, can it be assumed that the HML will approve financing based on the .70 LTV for a good deal or should you use the approval of financing contingency at all times when making the offer
3. under what circumstances is HML typically used for (is it mainly used if planning to rehab)
I'll stop here, I have plenty more questions, but I'm hoping my book arrives tomorrow.
Thanks in advance to all who reply and happy investing to everyone.
Have a wonderful day!
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