Re: buying real estate
 

If you can show that you've earned a reliable income for the past couple of years, that should be enough (combined with a sizeable down payment) to secure a pre-approval. You have filed tax returns, right?

Re: buying real estate
 

[ QUOTE ]
[ QUOTE ]
A mortgage broker will tell you how much money a bank will be willing to lend you or "pre-approved for".

[/ QUOTE ]

do you have to pay for this service?

[/ QUOTE ]

unless u have a friend that does this...in most cases yes



like i said in ur post some time ago about this...if u run into problems get a whatever type job for a few months to show income and retry for the loan

ur parents cosigning will all matter on how good thier credit is, net worth, and if they still have income

Re: buying real estate
 

</font><blockquote><font class="small">In risposta di:</font><hr />
</font><blockquote><font class="small">In risposta di:</font><hr />
</font><blockquote><font class="small">In risposta di:</font><hr />
A mortgage broker will tell you how much money a bank will be willing to lend you or "pre-approved for".

[/ QUOTE ]

do you have to pay for this service?

[/ QUOTE ]

unless u have a friend that does this...in most cases yes

[/ QUOTE ]

what kind of cheddar are we looking at here?

Re: buying real estate
 

[ QUOTE ]
[ QUOTE ]
A mortgage broker will tell you how much money a bank will be willing to lend you or "pre-approved for".

[/ QUOTE ]

do you have to pay for this service?

[/ QUOTE ]

No you do not. The mortgage broker will make his money when he gets you the loan.
The fact that you do not have a job will be your main problem. Your parents co-signature will be a must I imagine. Also, it can work in your favor if your parents have good credit, you can get a better interest rate

Re: buying real estate
 

</font><blockquote><font class="small">In risposta di:</font><hr />
If you can show that you've earned a reliable income for the past couple of years, that should be enough (combined with a sizeable down payment) to secure a pre-approval. You have filed tax returns, right?

[/ QUOTE ]

only filed tax returns last year, and not for a lot of money

Re: buying real estate
 

Well like I said, get familiar with the various financing options. The reason I asked the question that I did is that it may drive the type of house you want to buy. Given what you answered, Id be inclined to look for a house that you can tolerate living in that has good resalue value. As with any major purchase, have a good idea of what you want or you will get railroaded by the agent. Dont ever forget they work off commission and you will have the proper suspicion of their motives. [img]/images/graemlins/smile.gif[/img]

Re: buying real estate
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
A mortgage broker will tell you how much money a bank will be willing to lend you or "pre-approved for".

[/ QUOTE ]

do you have to pay for this service?

[/ QUOTE ]

unless u have a friend that does this...in most cases yes

[/ QUOTE ]

I bought 2 houses and never had to pay for pre-approval. Mortgage brokers make their money at closing

Re: buying real estate
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
A mortgage broker will tell you how much money a bank will be willing to lend you or "pre-approved for".

[/ QUOTE ]

do you have to pay for this service?

[/ QUOTE ]

unless u have a friend that does this...in most cases yes

[/ QUOTE ]

I bought 2 houses and never had to pay for pre-approval. Mortgage brokers make their money at closing

[/ QUOTE ]

i assumed he meant for the whole deal...didnt know he was just checking on "approval" - my bad

Re: buying real estate
 

[ QUOTE ]
[ QUOTE ]
A mortgage broker will tell you how much money a bank will be willing to lend you or "pre-approved for".

[/ QUOTE ]

do you have to pay for this service?

[/ QUOTE ]

You shouldn't.

I used a B&amp;M company out here that does this sort of stuff... and like you, I was looking to get pre-approved before I had a job.

I didn't have to pay for this service.

I'd recommend using a flesh and blood person that you can talk to rather than using something online like lending tree.

When it comes time to close, you pay for the service in terms of closing costs. Not sure what's standard... you will need to find out from someone reputable.

Re: buying real estate
 

[ QUOTE ]
The fact that you do not have a job will be your main problem.

[/ QUOTE ]

Guys, daryn is literally swimming in money. He has one of those scrooge mcduck-esque vaults filled with gold coins.

He won't have a problem getting a loan.