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The Watercooler
50/50 chance of being approved for loan and...
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<blockquote data-quote="Lothlorien" data-source="post: 253986" data-attributes="member: 1024"><p>How are you supposed to put an offer on a house unless you know how much you've been approved for and at what percentage? You kinda need to have a starting point, so you know what you'll be able to afford. I have never heard of the loan process going faster if you put an offer on a house. Are you going through the realtor's office financial officer? Don't let the realtor push you into something. I know this is nerve-racking, but I'd hate to see you get pushed into something, where you aren't getting the best deal.</p><p> </p><p>We've bought two homes and were preapproved for a certain amount before we put offers.</p><p> </p><p>You certainly are buying at a really good time. There must be an awful lot of homes to choose from, right now. People are desperate to sell.</p></blockquote><p></p>
[QUOTE="Lothlorien, post: 253986, member: 1024"] How are you supposed to put an offer on a house unless you know how much you've been approved for and at what percentage? You kinda need to have a starting point, so you know what you'll be able to afford. I have never heard of the loan process going faster if you put an offer on a house. Are you going through the realtor's office financial officer? Don't let the realtor push you into something. I know this is nerve-racking, but I'd hate to see you get pushed into something, where you aren't getting the best deal. We've bought two homes and were preapproved for a certain amount before we put offers. You certainly are buying at a really good time. There must be an awful lot of homes to choose from, right now. People are desperate to sell. [/QUOTE]
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50/50 chance of being approved for loan and...
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