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buying a house

k DH and I are looking now to buy a house so would you recommend finding the house then just go to a bank to get approved or find a realator and let them find a bank? our credit is excellent so finding a bank shouldnt b a prob?

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Anonymous

Asked by Anonymous at 8:25 PM on Feb. 18, 2009 in Shopping

Answers (7)
  • You should become prequalified. This means you should find a loan first. You can do this by contacting an agent and going through their people (usually a broker--which I don't recommend). Or going to a bank. Then you should look at houses in your price range. If you get prequalified, you can put in an offer right away on a house if you are interested. If you are not prequalified, you'll have to wait longer. It just helps to do the money end first.
    Samanthasmom210

    Answer by Samanthasmom210 at 8:28 PM on Feb. 18, 2009

  • go to your bank and get approved, than find a good realator.
    gammie

    Answer by gammie at 8:31 PM on Feb. 18, 2009

  • Still, get pre-approved first. At least where I live there are a good number of realtors who won't even show a house to someone who isn't pre-approved.
    aurorabunny

    Answer by aurorabunny at 8:33 PM on Feb. 18, 2009

  • You should get pre-qualified or at least pre-approved first so that you know what you can afford. After that you can then look at the many houses available in your price range.

    SylviaNCali

    Answer by SylviaNCali at 12:14 AM on Feb. 19, 2009

  • I would get pre-approved also. We are planning on buying a house within the next 2 years and we will definitely get pre-approved first so that when we find the one we want we can put in a bid right away, since the good houses at good prices seem to go fast! When we bought our first house, we put in the bid the day we saw it, and we signed for it that week. It was really fast! So having the loan preapproved helped with that as well as with the information on exactly how much we could afford! The bank was able to approve us, they asked us how much we were able to spend per month, and from there they told us the price range we should look in. It was very beneficial to us. Good luck! Have fun house-hunting :-)
    AprilDJC

    Answer by AprilDJC at 11:07 AM on Feb. 19, 2009

  • I agree, get pre-approved or pre-qualified first. That way you go into the situation knowing exactly what you can afford. Try to go through a bank you're familiar with, perhaps the bank you have your checking account through or something like that.
    kexley28

    Answer by kexley28 at 1:23 PM on Feb. 19, 2009

  • You need to get pre-qualified for first!
    lapcounter

    Answer by lapcounter at 9:46 PM on Feb. 20, 2009

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