i have already been approved, home loan, have to send to bank, does that mean i get the house?

Answer 1

Have you been approved or pre-approved? Approval comes from the actual bank whereas a pre-approval will be given to you by a broker. That pre-approval means,' We have reviewed your credit and your financial situation therefore we believe we can get you a loan.' Approval from a lending institution means that the broker has collected all the necessary items from you and has submitted your package to the bank. That bank has looked over your package and said 'yes, we will lend to this borrower.'

As far as getting the house, you have to hire a realtor who will make an offer for you. That offer then can be counter-offered until a final purchase price is agreed upon. Then you get the house.

Answer 2

The loan process is mostly separate from the house buying process. The home seller has to receive and accept an offer from you before you get the house. If they have accepted an offer and the bank has approved that amount, usually subject to your down payment and property inspection, then yes you get the house.