contract. But I don't want to sign a contract on a new house untill I see all charges, What do I do?
2007-07-06 14:41:58 · 4 answers · asked by Jav B 2 in Business & Finance ➔ Renting & Real Estate
Actually, basically what they are saying is they want to finance you through their credit company. In order to validate if you are eligible to buy the home, they need to examine your credit.
They shouldn't need a contract for this. Also, make it clear to them that you reserve the right to shop the loan. I have done this with builders on behalf of my clients all the time. Don't let the builder push you around on this.
If they offer an incentive to work with their lender, then you get that when you buy the house. All you should need to do is get pre-approved on a home in terms of your credit and then you can make your decision about the contract.
Also, feel free to contact a mortgage broker outside of Pulte and let them know you did. They will give you a good faith estimate and a good idea of your payments, etc. Honestly, you should do this anyway to don't wait on Pulte, push past them and then make them beat the rate AND get your 6k if you decide the home is what you want.
If you want, you can also just use some mortgage calculators. I have some on my site at www.stefanwest.com under the finance tab. Goodluck and don't let Pulte push you anywhere. You are the buyer and they need you.
2007-07-06 14:52:07 · answer #1 · answered by Real Estate Guy 2 · 0⤊ 0⤋
It sounds like one of you are not really trying to negotiate in good faith. I have never run into this problem with all of the houses I bought. A "good faith estimate"s a legal document and you must have a contract in order to create one. Without a contract it is just an estimate. Which one of you is being difficult?pp
2007-07-06 21:49:38 · answer #2 · answered by ttpawpaw 7 · 1⤊ 0⤋
You need a purchase contract to start your loan, But you don't need a contract for a mortgage, without good faith estimate don't sign any paper with him, and even if you do, you can cancel with him any time you wont.
I hope it's help. Good Luck!
2007-07-06 21:55:16 · answer #3 · answered by reality 6 · 0⤊ 0⤋
If you don't like their terms or the way they do business, don't sign.
2007-07-06 21:52:15 · answer #4 · answered by Anonymous · 0⤊ 0⤋