Comments on: 3 Things You Should Know About Home Loans

By: BabieBlue

BabieBlue — Fri, 19 Mar 2010 08:11:59 +0000

Hi,
You would need to get yourself pre-approved first before you can buy a home. A good real estate agent should be able to direct you to a good broker or lender so that you can be pre-approved. Pre-approved is what you would need now a day to have your offer being accepted. Pre-approved mean your credit, income and assets have been reviewed by a qualified loan advisor. If you are buying home in california, I can help get you pre-approved. http://www.topstarrealestate.com
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By: David Z

David Z — Fri, 19 Mar 2010 08:09:59 +0000

you should get pre approved first. once pre approved then go get an agent or use the listing agent to show you the house you are interested in. you need to hurry. you have to close by 11/30. to be safe you will need a contract with a seller by 10/20 in order to close by 11/30. that gives you about 5 weeks to find a home and reach a deal with a seller.
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By: jon144au

jon144au — Fri, 19 Mar 2010 08:07:59 +0000

This is a Cart/Horse type question.

You may be in a better position to purchase a home if you already have a "Pre-Approval" (not Pre-Qualified) letter stating how much you have to spend, but many Loan Companies won’t Pre-Approve you unless you have an Offer to Purchase for a particular property.

You probably should get a Real Estate Agent to act as your Buyer’s Agent, on your behalf.
References :
20 years Real Estate Broker

By: Jennifer S

Jennifer S — Fri, 19 Mar 2010 08:05:59 +0000

Get your loan going first. That way you know how much you are approved for and how much you can spend on a home. The worse thing is to go out find a house fall in love with it then find out you cannot get approved for that much or you find the house you love and it is gone by the time you do get approved. This will make the process easier for you and the Realtor.
References :
Real Estate Investor

By: Steve

Steve — Fri, 19 Mar 2010 08:03:59 +0000

You cant apply for a mortgage loan before you identify the property price, down payment and other terms.

You can apply get a pre-approval. Perhaps this is what your are thinking?

Depending on your credit score you may want to go to a lender, better yet ask the real estate office who the suggest. If your credit is not perfect or you want a non-standard property, you should consult a mortgage broker.
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By: Ashley V.

Ashley V. — Fri, 19 Mar 2010 03:01:21 +0000

Should I apply for my home loan before I find a real estate agent?
I am a first time home buyer and dont know the first thing about buying a home. I’m hoping to have a house purchased before the end of the tax credit period which I do believe is December 1st of this year. Should I go ahead and apply for the loan [which will be an FHA loan] or should I find a real estate agent first? Also, where would I go to apply for an FHA loan? Can I apply online? and how long does it take to get pre-approved?