Profile picture for yellowman001

How do I get a loan or how do I get started to own my own house

  • November 30 2010 - Indianapolis
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (9)

I would recommend contacting a lender that can provide you with all of your mortgage options in one place.  There are several financing options available for home buyers and it pays to be informed on all of them.  There are many lenders that do not offer every option to you because they may not be knowledgeable on that specific mortgage option.  Here is a link to a recent newsletter that can give you a quick look at a few that are possibly available to you.

If you are interested in taking the step to get pre-qualified, visit the following link: https://www.stonegatemtg.com/apply.aspx?campaignid=355  They can provide you with all of your mortgage options.

If your Realtor or your mortgage lender has not informed you of your options, give me a call or email.  I can share some insight with you anytime.
 
www.IndyRealEstate.info

  • December 06 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Your first stop should be with a lender, either your local bank where you have your money or ask your friends for referrals. Do your homework and ask lots of questions. Also interview several realtors and find someone with experience as you are about to a major investment and experience matters.
  • November 30 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for ChandaB
I echo what everyone else says; however, one other piece of advice I would provide is to make sure the lender you speak to lets you know up front what you'll need to pay for up front.  Some will charge a pre-approval fee of anywhere from $30-$75.  Most charge for the appraisal up front (as soon as you have an accepted offer) which can run a few hundred dollars.  Others charge other miscellaneous fees before you even get to the closing table. Make sure you know what you'll need to pay at the closing table and before you even get there...

Hope this helps...
  • November 30 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

[Promotion removed by Zillow moderator. Please see our Good Neighbor Policy.]
  • November 30 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Getting pre-approved is the easy part and any bank, mortgage broker or mortgage banker will glady take the time to get you pre-approved and explain your options. 

Finding a lender that can get you through the home buying process is another story.  Some lenders will be limited in what they can offer you and take way too long to process your mortgage.

Finding the right mortgage lender is the real challenge.  If you ask a good reputable real estate agent in your market, they will surely know of a lender that does a good job.  [Promotion removed by Zillow moderator. Please see our Good Neighbor Policy.]

Good luck!
The 2 Mortgage Guys
  • November 30 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I would recommend talking with a lender first before looking at homes. Then you will have a good idea about what you can afford. Once you have a pre-approval letter... You are ready to find your house!
  • November 30 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Call a reputable lender.  I can help you with the process if you like. Click on my profile for my contact info.
  • November 30 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Your better off contacting your bank and speaking to a Loan Officer to get preapproved for a home loan first before you start looking.  After your preapproved for a home loan you would then contact a Realtor and meet and give them your criteria that your looking for in your new home including size, location and price.  Once you find a home and put in an offer your set to go because you have already been preapproved.  Most sellers won't even look at an offer from a buyer without a preapproval letter from a lender.  That shows the seller that you are serious and you can purchase their home.  Then the negotiations begin! 

Good luck!
  • November 30 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Call Lenders in your area or any Banks you prefer or have a personal relationship with, and get preapproved.  It takes about 10 minutes and it's free!  Good luck!
  • November 30 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.