Comments on: Mortgage Pre-Approval When Buying a House

By: Dokemion

Dokemion — Sat, 29 Jan 2011 12:04:13 +0000

2010 was kinda a bizarre year for the mortgage market. In the first half of the year, you had a decent number of home sales keeping mortgages for purchases stable, thanks to the home buyer credit. In the second half of the year, that changed as demand crumbled when the credit was withdrawn. At the same time, you had very low mortgage interest rates throughout much of the year cause a mini-refinancing boom. 2011 will look very different, as the housing demand continues to struggle and mortgage interest rates have begun rising.

By: Weekend Linkage – July 5, 2009

Weekend Linkage – July 5, 2009 — Mon, 20 Sep 2010 03:25:47 +0000

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By: Weekend Linkage – July 11, 2009

Weekend Linkage – July 11, 2009 — Mon, 20 Sep 2010 03:25:07 +0000

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By: Home Mortgage Rates – 6 Key Factors | Money Smart Life

Home Mortgage Rates – 6 Key Factors | Money Smart Life — Tue, 17 Aug 2010 13:04:09 +0000

[...] to find out the mortage rate you can borrow money at is to fill out a mortgage application and get pre-approved for a specific loan [...]

By: Kevin Moncton

Kevin Moncton — Sat, 31 Jul 2010 08:49:46 +0000

I agree with this post. It would be better if house buyers could prepare their mortgage pre-approval letter for these could help them explain everything in their part to the house sellers. Also, it is very important that they asses their financial capability in having their house as well as secure all the requirements needed for it to easily be acquired. Also, it would be better if they could prepare a credit report for the seller to easily look into their financial capability of buying a house. To understand these things, it would be better to ask help from experts such as REALTORS® for this people could easily guide them in every step of their house buying journey. Thank you very much for this post!

By: marci

marci — Thu, 02 Jul 2009 17:35:54 +0000

Another option, if you are selling one house to move to another, is to get pre-approval on the to-sell house’s home equity line of credit. If you can pull enough cash out of the house, plus your cash on hand, you can pay cash for the new house. Then you pay interest only on the old house until it sells. Kind of helps out with that moving problem and saves all the new mortage paperwork costs.