2007-03-16 08:40:20 · 6 answers · asked by Luis H 2 in Business & Finance ➔ Renting & Real Estate
before you house shop, go to a mortgage broker in your area..Look under "mortgage companies" in the yellow pages. Call them and ask to speak to a loan officer and let them know you are interested in purchasing a home and you would like to know what you qualify for. They will have to pull your credit and discuss your income for a good qualification and at that time- they can probably refer you to a real estate agent if you dont already have one. But you want to know what the bank will loan you before you house shop. If you are in the state of Texas i would be happy to help you- if your not I will still guide you in the right direction. shoptillyoudrop101@yahoo.com...GOODLUCK!
2007-03-16 08:45:31 · answer #1 · answered by Shawnaj 3 · 1⤊ 0⤋
The first thing would probably be educating yourself on credit and what you can afford. You can do that yourself, pull your credit reports, attend first time homebuyer workshops (offered by realtors hoping for your business). You can meet with a lender or mortgage broker and they will pull your credit and you will learn your FICO score and they can tell you more about that. The best rates go to the people with excellent credit and high FICO scores, but it's also based on other factors.
When you know how much house you can afford, start talking to some agents and get one to be your buyer's agent. That agent will be paid by the seller out of the closing money, so you are paying nothing. This is important--many first times deal with the agent who listed the house if they don't have an agent, and that agent has a fiduciary duty to the SELLER, not you. You want someone in your corner so get your own agent for the deal. Your agent can pull comparables of neighboring properties and give you a ballpark of what the home is really worth and help you determine a reasonable offer.
Good luck!
2007-03-16 08:52:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Check with a mortgage broker to see what you qualify for and get a real estate agent. Talk to your friends & co-workers to see if they have someone they can refer you to.
Good Luck!
2007-03-16 08:48:47 · answer #3 · answered by Jo 6 · 0⤊ 0⤋
My web-site should be use full any other questions feel free to contact me.. My advise would be to get pre-qualified that way you know how much you can afford, then you can start looking at homes..
2007-03-16 10:35:01 · answer #4 · answered by Mr B 1 · 0⤊ 0⤋
You should find a Realtor with a good reputation, that person can recommend mortgage companies etc., find a house, negotiate the deal.
2007-03-16 08:48:27 · answer #5 · answered by Carrie W 2 · 0⤊ 0⤋
get a credit report and if you owe anyone pay them.make sure everything is correct. if they say you owe money but you paid them off call them or write them. ask them for proof. then ask them for a letter stateing that you don't owe them. if you need more info feel free to email me.
2007-03-16 08:49:48 · answer #6 · answered by Anonymous · 0⤊ 0⤋