9: Realtors and Mortgages - Debunking the 2-Year PREC Misconception
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9: Realtors and Mortgages - Debunking the 2-Year PREC Misconception
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About this listen
The notion that a realtor needs to have a PREC for at least two years before being able to obtain a mortgage is nothing more than a common misconception. Lenders consider an overall 24-month income period, and it's vital for realtors to collaborate with a mortgage professional who can help them navigate the options and find the ideal mortgage for their specific needs.
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