I have an existing home I have an offer on and looking to get at loan for a new house.
2007-05-15 14:31:45 · 4 answers · asked by nick 1 in Business & Finance ➔ Renting & Real Estate
You can and should get preapproved for the new home. It is amazing how this house of dominoes works, but it does every day. You are awaiting the sale of your home to buy the new home the sale of which someone else is awaiting to buy a new home . . . .
2007-05-15 15:36:22 · answer #1 · answered by Anonymous · 0⤊ 0⤋
First, do not contact online predators. Spammers, like Marty from Premier Loan Sharks, are wanting to prey upon your situation, not help. You can suffer worse then financial lose, you could be giving your credit information to an identity thief and suffer for years to come. It is especially hard to deal with if you deal with anotehr country, there is no way to know where someone online is really located and if you have any legal rights if they steal from you.
You need to be preapproved, but you can buy with teh money now, it all gets straightened out with the escrow company.
You had better start shopping!
2007-05-16 22:53:24 · answer #2 · answered by Anonymous · 1⤊ 0⤋
No you don't have to wait. Your preapproval is based on the sale of your existing loan, much like a contingent contract on your home.
2007-05-15 21:50:14 · answer #3 · answered by ttpawpaw 7 · 0⤊ 0⤋
you will NEED preapproval for the new home.
2007-05-15 21:39:15 · answer #4 · answered by Chrys 7 · 0⤊ 0⤋