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N.Y.bride
Beyond Obsession
Member since 3/05 7206 total posts
Wedding Date:
7/28/2005 11:30 AM
Wed. Location:
Chateau La Mer A++++++
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O.k we feel like were ready to start looking for houses
So step 1 is????
Get prequalified or can we start looking first?
They say your mortgage should be no more that 1/3 of your takehome?
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Posted 12/31/06 4:58 PM 
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EJSD2006
2 years down a lifetime to go!
Member since 9/05 5546 total posts
Wedding Date:
6/23/2006 5:00 PM
Wed. Location:
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Re: O.k we feel like were ready to start looking for houses
get a mortgage approval first. and make sure its an approval and not a pre-qualification. try your bank first since they'll try to offer you the best rates to keep your business.
its always in your best interest to be approved before going out because:
1 - if you see a house you like you can move on it quicker (even more beneficial if you're up against other buyers who DONT have approvals)
2- any offer you make will only be taken seriously with an approval (and it most cases your offer wont even be presented without one!)
if you are unsure about neighborhoods and school districts, check www.greatschools.net. good luck! and have fun!!!
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Posted 1/1/07 3:41 PM
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ssdbk
Kerie
Member since 1/05 3960 total posts
Wedding Date:
11/12/2005 7:00 PM
Wed. Location:
Temple Chaverim
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Re: O.k we feel like were ready to start looking for houses
where are you looking?
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Posted 1/4/07 11:21 PM
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d&D
Board Enthusiast
Member since 10/03 233 total posts
Wedding Date:
10/1/2005 12:00 AM
Wed. Location:
Watermill
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Re: O.k we feel like were ready to start looking for houses
I am w/ you....my dh and I are starting the search as well....so exciting  and scary 
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Posted 1/5/07 9:50 AM
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cjb88
I'm a married lady!!!
Member since 11/04 7315 total posts
Wedding Date:
4/8/2006 6:00 PM
Wed. Location:
Hamlet Willow Creek A+++++++
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Re: O.k we feel like were ready to start looking for houses
i would also start looking on mlsli.com so you can get a feel of what is available in the different areas and the price ranges...
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Posted 1/7/07 7:39 PM
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N.Y.bride
Beyond Obsession
Member since 3/05 7206 total posts
Wedding Date:
7/28/2005 11:30 AM
Wed. Location:
Chateau La Mer A++++++
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Re: O.k we feel like were ready to start looking for houses
Never said thank you!
Thanks ladies!
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Posted 1/10/07 9:48 PM
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R&J0806
I have the greatest husband!
Member since 9/05 1620 total posts
Wedding Date:
8/6/2006 11:15 AM
Wed. Location:
Fox Hollow
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Re: O.k we feel like were ready to start looking for houses
Posted by alnem
get a mortgage approval first. and make sure its an approval and not a pre-qualification. try your bank first since they'll try to offer you the best rates to keep your business.
its always in your best interest to be approved before going out because:
1 - if you see a house you like you can move on it quicker (even more beneficial if you're up against other buyers who DONT have approvals)
2- any offer you make will only be taken seriously with an approval (and it most cases your offer wont even be presented without one!)
if you are unsure about neighborhoods and school districts, check www.greatschools.net. good luck! and have fun!!!
With all due respect, #2 is not entirely true. An offer will be taken MORE seriously with pre-approval (or pre-qual, which is better than nothing). But by law, an agent has to present all offers to the seller.
Having pre-approval is certainly appealing to a seller, but it's not absolutely mandatory.
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Posted 1/15/07 2:39 PM
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