Suzy_305
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You definitely have to go to a Mortgage Broker or to a bank. When you go see either one they pull your credit & will give you an estimate of what your monthly payment will be. You don't want to go look at homes/condos in the $400,000 range if you can only afford $300,000.
I suggest you ask your family, friends & co-workers what Mortgage Broker they have worked with before. I never reccomend you pick someone out of the yellow pages or because you saw them on an advertisement. Buying a home is a huge step & investment & you want to make sure the person doing your loan is looking out for your best interest & not how much money he/she can make.
Good Luck! |
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sunshine_today
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You go talk to a lender and find out about what you can afford and get qualified for, then you get a realtor. |
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MensaMan
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Lender first. See what you can borrow. |
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Angela F
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We were told by a relator to go and get prequalified from a lender. That way you aren't looking at houses that you won't be able to get a loan for. In the long run it does save alot of time by talking to the lender first. |
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utahmike42
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What sunshine said. Same with buying a car. Get the loan FIRST then go shopping. |
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Joy
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LENDER first, then Realtor! |
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Judy1
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It's not a bad idea to meet with a lender and get prequalified first for a mortgage. That way you know what price range you should be looking in, and won't waste a lot of time looking at houses you can't come close to affording now. |
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regerugged
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The first step is to pick out a location where you want to live. Then figure out how much you want to spend. Then see your banker or a mortgage broker to get pre approved. Then do an Internet search for homes in your desired area and in your price range. Then call the Realtor who has the listing. |
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Bobbi White
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You will need to get pre-approved
I can originate in all 50 states..
http://www.geocities.com/vrajavala/ForeverMortgage.html |
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lenderjayne
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Owning your first home is always exciting and scary at the same time. What you really want to do is ask your friends and family who they used as a lender and if they were really happy with their service. If they can't remember their loan officer's name then don't use them because they do not keep in contact with their clients.
Depending where you live, some states/cities/counties offer special financing for someone who hasn't owned a primary residence in the past 3 years. You need to check with a couple of places to see if there is anything like that. Or you can use the web to see if there is anything like it as well. Not all lenders are able to do these special type financing. So if you find out on the web that your state or county has something, they will usually be able to forward you to a lender that is authorized as well.
Once you talk to your lender, then they can hook you with a real estate agent that they trust and recommend.
I hope this helps. Remember, always ask questions, there are no stupid questions when you are making one of your largest investments ever.
Ca Lender |
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papillongirl
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find a good realtor that you trust, they will find you a lender and do it all that is how they make their money. i just bought my first home last year, and had no idea how all of it worked. i found a wonderful realtor that got me a great loan and walked me through every i mean every step. |
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Terry S
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Go get pre approved for a loan BEFORE you start looking at homes.
Hope this helps!
Terry S.
http://www.Welcome2Arizona.com |
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