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rkoenke
my little piggys
Member since 3/08 4315 total posts
Name:
rachel
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home buyers - hypothetical question
So, you are locked in at a good rate with a bank, you think you found your house, it falls through...
you look at more houses (sort of in a hurry to keep that rate) find one that's very comparable to your first choice.
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Posted 10/7/08 8:04 AM  |
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ali120206
2 Boys
Member since 7/06 17792 total posts
Name:
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Re: home buyers - hypothetical question
I would never hurry to find a house just to keep the rate.
It probably would be tight timewise anyway. I had to have a fully executed contract before I could lock in a rate and it took two weeks after our offer was accepted to get that fully executed contract, and then another month to close (and we closed pretty quickly).
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| Posted 10/7/08 8:21 AM |
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CaMacho
Sisters :)
Member since 7/06 15112 total posts
Name:
Jess
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Re: home buyers - hypothetical question
I wouldn't settle on a house just to keep a rate.
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| Posted 10/7/08 8:57 AM |
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mtnmama
Member since 5/06 4794 total posts
Name:
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Message edited 12/10/2009 2:52:23 PM.
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| Posted 10/7/08 9:04 AM |
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NoStressMom
My Heart and Soul
Member since 5/05 11122 total posts
Name:
D
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Re: home buyers - hypothetical question
I wouldn't settle either
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| Posted 10/7/08 9:09 AM |
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SuzyQ
Mama to 3!?!?!?
Member since 7/06 8069 total posts
Name:
Susan
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Re: home buyers - hypothetical question
Posted by CaMacho
I wouldn't settle on a house just to keep a rate.
Same here. I think you said that the new one you found is comparable. Do you love it? If I loved it, I'd make a fair offer and try to close before I lose the rate.
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| Posted 10/7/08 9:11 AM |
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SpiceGirl
Dream big
Member since 1/06 2486 total posts
Name:
j
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Re: home buyers - hypothetical question
NEVER, EVER, EVER SETTLE! IF the rates go up a bit, you can always refinance down the road. But if you rush into buying a house you don't LOVE...not so easy to just up and move.
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| Posted 10/7/08 9:22 AM |
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PotofLuck06
Our Baby Boy Is Here!!!
Member since 11/06 13241 total posts
Name:
Betsy
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Re: home buyers - hypothetical question
Posted by CaMacho
I wouldn't settle on a house just to keep a rate.
ITA! I'd keep looking and would never settle.
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| Posted 10/7/08 9:41 AM |
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JldDolphin
Member since 1/07 6929 total posts
Name:
Jen
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Re: home buyers - hypothetical question
I wouldn't settle just to keep your rate before it ends.
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| Posted 10/7/08 10:38 AM |
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Sandy55
My family ROCKS!!!
Member since 2/08 1219 total posts
Name:
Sandy
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Re: home buyers - hypothetical question
Posted by CaMacho
I wouldn't settle on a house just to keep a rate.
I agree!
How comparable is the house to the first one?
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| Posted 10/7/08 11:53 AM |
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