Home sellers may require a 2 step loan pre-approval

Even though you are already approved for a loan, the listing agent for the home you are interested in may require you to go through the loan pre-approval process again, this time with their lender.

Listing agents often do this because they don't know your lender and want to make sure you truly can qualify for a loan.

The seller doesn't want to find out 3 weeks into escrow that you can't get a loan.

I personally do this 2 step approval process for all of my listings.

You would be surprised to see how many buyers don't pass the second approval process.

Can I use an alias when purchasing a property?

Name your trust whatever you want... Banana Trust... #LakeShow Trust... whatever you can think of.

Then when it comes time to buy a property, purchase the home under the trust name.

By doing that, the owner on record will show up as the name of your trust, and not your legal name.

This works if you want to buy under your LLC name as well.