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Need advice - first time home buyer
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MrsLL2010
LIF Infant
Member since 2/09 318 total posts
Name:
Lori
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Need advice - first time home buyer
DH and I are going to a mortgage broker tomorrow to get pre approved (fingers crossed)!!
Any advice on what we should be asking?
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Posted 12/22/10 12:34 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Mrs213
????????
Member since 2/09 18986 total posts
Name:
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Re: Need advice - first time home buyer
I would definitely ask if they charge any broker fees. Sometimes the mortgage brokers can charge as much as 3% of the loan. Some don't charge. But definitely ask that and check the fine print...
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| Posted 12/22/10 1:29 PM |
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Re: Need advice - first time home buyer
Also, remember that what you get approved for may not be what you'd want to spend on a home.
We spent 100 grand less than what we were approved for, and so happy we did.
They will never ask you, "Hey, how many vacations do you like to take a year?" or "Do you like to shop often?"
If we had went by the number they approved us for (at the max), we'd be working just to live in a house and nothing else.
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| Posted 12/22/10 5:03 PM |
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