How do you get a loan for buying a house?

Answer 1

-Usually you find a house your are interested in
-Write a contract of sale with the stipulations of a satisfactory appraisal, inspection and ability to secure a loan
-have it inspected
-have it appraised
-Apply for credit with your bank of choice
-If approved close the sale (Closing) and prepare to sign and initial about 100 places on the papers

What the banks forget to tell you is to close at the end of the month........that way you only pay a 1 to a few days of interest at closing instead of a whole month

Answer 2

What is your credit score? Depending on your credit score you can get the financing . If your score is greater than or equal to 500 then you will have a 100% financing for 30 years payback arm with interest in the higher fives and lower sixes .In other cases also you will have mortgage loan but the thing is if your credit score is less then you have to have downpayment or your rate of interest increases .
Your income and years at the current job also comes into picture .

kish garner
[e-mail]
Phone # [phone]
http://www.acacia-mortgage.com/

Answer 3

I gathered all of my information and submitted my application over the net. I was able to answer all the questions asked of me and when approved I sent in hard copies. The process was quite quick, better than doing it in person.

Answer 4

apply, http://www.choicefinance.net/tools/pre-approval.html