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The Watercooler
50/50 chance of being approved for loan and...
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<blockquote data-quote="trinityroyal" data-source="post: 254127" data-attributes="member: 3907"><p>I'm with Loth and Ctmom...</p><p></p><p>When I've discussed mortgage financing with bankers, they have always given me a dollar figure for which I was pre-approved. That meant that I knew the price range of houses I could afford before I even started looking.</p><p></p><p>I've never heard of it working the other way around...tell me how much the house is, and we'll decide whether or not we'll approve you just sounds backward to me.</p><p></p><p>I also agree with Loth that you're looking at a great time. Sounds like there are some good bargains around.</p><p></p><p>Fingers crossed that the process goes smoothly for you.</p><p></p><p>Trinity</p></blockquote><p></p>
[QUOTE="trinityroyal, post: 254127, member: 3907"] I'm with Loth and Ctmom... When I've discussed mortgage financing with bankers, they have always given me a dollar figure for which I was pre-approved. That meant that I knew the price range of houses I could afford before I even started looking. I've never heard of it working the other way around...tell me how much the house is, and we'll decide whether or not we'll approve you just sounds backward to me. I also agree with Loth that you're looking at a great time. Sounds like there are some good bargains around. Fingers crossed that the process goes smoothly for you. Trinity [/QUOTE]
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50/50 chance of being approved for loan and...
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