Apr 3: Moving: Step 4, looking at new houses
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So how does this work?
(1) You go through a preapproval process
(2) You find a house/price
(3) Mortage people then check on you againq quickly, moving you from the preapproval to approval stage
(4) You buy the house
?
Jason
Yeah, basically. The preapproval lets us know what range we can look in. Luckily, the house we're really interested in is in that range. Once you've made an offer on a house, they start the paperwork. They rerun your credit the day of or the day before closing to make sure you haven't screwed anything up in the interim. On closing day, you sign a stack of papers an inch high (no exaggeration) and you buy the house.
TV tells me ditech.com makes everything easier! And if you switch, then your loan person can also say, "Lost another loan to Ditech!"
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Display comments as
(Linear | Threaded)
So how does this work?
(1) You go through a preapproval process
(2) You find a house/price
(3) Mortage people then check on you againq quickly, moving you from the preapproval to approval stage
(4) You buy the house
?
Jason
(1) You go through a preapproval process
(2) You find a house/price
(3) Mortage people then check on you againq quickly, moving you from the preapproval to approval stage
(4) You buy the house
?
Jason
Yeah, basically. The preapproval lets us know what range we can look in. Luckily, the house we're really interested in is in that range. Once you've made an offer on a house, they start the paperwork. They rerun your credit the day of or the day before closing to make sure you haven't screwed anything up in the interim. On closing day, you sign a stack of papers an inch high (no exaggeration) and you buy the house.
TV tells me ditech.com makes everything easier! And if you switch, then your loan person can also say, "Lost another loan to Ditech!"
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