will I get a better loan rate if I wait to apply for a loan till old home is sold? Or should I do it now?
2007-09-14 09:40:25 · 6 answers · asked by mommy to be of 3 3 in Business & Finance ➔ Renting & Real Estate
If you can sell the home first, that would be best. If you must move here now, and sell the house in time, then rent for the next six months and at the same time, get your house sold and find out what neighborhoods you like here. The foreclosures will be dropping in price soon (next few months) so the timing might be really good - as long as prices are still ok when your house sells.
Price your house to sell now. Don't list high and drop the price a bit at a time, following the market down.
2007-09-14 16:24:09 · answer #1 · answered by teran_realtor 7 · 0⤊ 0⤋
Sell the old home before you move to Texas. It is a hassle to try to purchase a home in one state and still have a house somewhere else. Get done with Iowa first if you can. You will not regret it.
2007-09-14 14:07:52 · answer #2 · answered by Gary 5 · 0⤊ 0⤋
I would think that you would get a better rate if you wait until the old home is sold, but there are many good mortgage finance web sites out there. I'd do some investigating.
Try this site to start:
http://www.thirdage.com/money/
http://www.myfico.com is a great site too, although it might not be right for your specific question.
Now you've got me curious, too.
Good luck with your move.
2007-09-14 10:06:22 · answer #3 · answered by dashelamet 5 · 0⤊ 0⤋
Drive South.
2007-09-14 09:46:51 · answer #4 · answered by Steven M 3 · 0⤊ 2⤋
Celebrate! Yeeee-haw! Love that Texas Barbeque!
Sorry - don't know about loans.
2007-09-14 09:47:33 · answer #5 · answered by Anonymous · 0⤊ 2⤋
pack
2007-09-14 09:44:50 · answer #6 · answered by SLOMO 5 · 0⤊ 2⤋