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ChristineR
New Year, New Beginnings!
Member since 5/05 2083 total posts
Name:
Christine
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What's the first thing you do..
...when you're ready to begin looking for a house/condo?
*Bank
*Real Estate Agent
who do you go to first?
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Posted 3/6/06 1:00 PM  |
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Prudential Douglas Elliman Real Estate
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ODonnell
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Member since 9/05 5983 total posts
Name:
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Re: What's the first thing you do..
In the order you have them - bank and then realtor.
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| Posted 3/6/06 1:03 PM |
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PiyoPika566
talk to the hand
Member since 5/05 1436 total posts
Name:
Stephanie
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Re: What's the first thing you do..
Posted by ODonnell
In the order you have them - bank and then realtor.
agreed, get pre-approved first.
Best of luck with your search!! 
Message edited 3/6/2006 1:05:47 PM.
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| Posted 3/6/06 1:04 PM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19458 total posts
Name:
L
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Re: What's the first thing you do..
we got pre-approved for a mortgage, and looked at a few mortgage lenders to see who would give us the best rate. Then we contacted a realtor in the areas we were looking to move to show us arround. Oh, one thing we found was that the realtor kept trying to show up homes that were about 50k more than we wanted to spend. It was really frustrating, so we went to a new realtor and gave them a rate that was about 30k less than we were looking for, and then we were finally shown houses in our price range.
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| Posted 3/6/06 1:14 PM |
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ChristineR
New Year, New Beginnings!
Member since 5/05 2083 total posts
Name:
Christine
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Re: What's the first thing you do..
So when you go to the bank is there a specific "mortgage" person you go to or can anyone help you?
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| Posted 3/6/06 1:21 PM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14021 total posts
Name:
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Re: What's the first thing you do..
Posted by ChristineR
So when you go to the bank is there a specific "mortgage" person you go to or can anyone help you?
I would go to a couple of brokers first. Banks are locked in to the products they can sell; hence there is little room to pay with the interest rates. Brokers can get mortgages from any lender and tend to buy them wholesale where by their mark up in the interest rate is how they make their money. Brokers tend to have more room to wiggle and you can get a better interest rate a lot of the times.
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| Posted 3/6/06 2:36 PM |
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~Colleen~
my loves...
Member since 5/05 9129 total posts
Name:
guess
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Re: What's the first thing you do..
Posted by ChristineR
So when you go to the bank is there a specific "mortgage" person you go to or can anyone help you?
There is typically a mortgage person. I would go to your bank first, review your finances and get pre-approved (or better, pre-qualed). That way you can better prepare for where to look based on what you can afford.
Good luck!
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| Posted 3/6/06 3:09 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: What's the first thing you do..
Posted by shamrock12472
Posted by ChristineR
So when you go to the bank is there a specific "mortgage" person you go to or can anyone help you?
I would go to a couple of brokers first. Banks are locked in to the products they can sell; hence there is little room to pay with the interest rates. Brokers can get mortgages from any lender and tend to buy them wholesale where by their mark up in the interest rate is how they make their money. Brokers tend to have more room to wiggle and you can get a better interest rate a lot of the times.
YES!
It doesn't hurt to look at banks... but my experience has shown that if you can find the RIGHT broker... he will beat any bank's rate.
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| Posted 3/6/06 3:23 PM |
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schnapy
LIF Adolescent
Member since 9/05 766 total posts
Name:
Diana
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Re: What's the first thing you do..
If you are starting to look, do you have an idea of what you can afford?? The areas etc
Speak to a mortgage broker about options
I would do open houses at first, scope it out and see what its about.
A realtor you can find anytime they are a dime a dozen.
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| Posted 3/6/06 4:19 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: What's the first thing you do..
You have FM
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| Posted 3/6/06 6:37 PM |
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ChristineR
New Year, New Beginnings!
Member since 5/05 2083 total posts
Name:
Christine
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Re: What's the first thing you do..
THANKS ALL!!! 
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| Posted 3/7/06 8:32 AM |
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