I don't know if folks use the places in the photo above (snipped from Nerdwallet), just not sure. Yes no job change, and yes #1 is the crux of it. So I think your primary question is really number 1: what lenders do people use?Ĭaveat: if your relocation involves a job change, that might complicate preapproval. (As someone who already owns a home, you should have a very good idea of the true cost and what your budget can support.) Ask for preapproval up to the amount you've calculated as affordable. Likely you will be more conservative than the lenders. Do your own calculation about your finances and how much you think you can really afford. I do imagine different lenders might preapprove you for somewhat different amounts. In your case I'd shop around for a good rate and terms.) (Like you, I went through my local CU for preapproval, but I would do it again. I don't see any benefit to going through Zillow, other than to get ideas for what lenders are out there. They're the ones who issue it, so they'll have details about how long it's good for and to what region it applies. I can't answer all your questions, but you need to contact lenders about preapproval. Currently own, but would purchase/move/sell current residence as I don't want to temporarily 'relocate' to some apartment. if you qualify for $200k get letters for $150k, $175k and $200k use the one you see fit), is this sensible? **6) When getting a 'preapproval letter" I have heard to get multiple letters listing different amounts so a buyer doesn't know how much you can actually spend (i.e. I see articles like this but don't know anything about the companies it references:ĥ) Also many have frozen their credit after the Equifax debacle.so if going online how does one know which bureau to unfreeze to get pre-approved? (I assume the company would ask but.) I went thru a local credit union before (for current home) but want to go a different route.Ģ) I see one can pre-qualify on (for example) Zillow? or ? that bad/good?ģ) Also, is a pre-qualification only good in the state you live in? (what if you live on the border between 2-3 states and may buy in either, does it matter?)Ĥ) How long is a pre-qual good for? what does it take to 'renew' it? Want pre-approval letter in hand in the event something pops up I really like.ġ) My question: what companies or online sites do people use to get 'preapproved'? Looking to possibly relocate in next year-ish. Did a search, but didn't want to post this at the end of another thread and have it get buried or go unanswered.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |