Zillow Advice: Buying a Foreclosure - Confused by Homesteps timeline. Do I need to submit a mortgage application already?? http://www.zillow.com/advice-thread/Confused-by-Homesteps-timeline-Do-I-need-to-submit-a-mortgage-application-already/467584/ Zillow Advice | Zillow Real Estate Great question. &nbsp;If ... http://www.zillow.com/advice-thread/Confused-by-Homesteps-timeline-Do-I-need-to-submit-a-mortgage-application-already/467584/ Great question. &nbsp;If you have stated in the P&amp;S that the application deadline is tomorrow then yes, all the paperwork needs to be submitted. &nbsp;If you do not meet this deadline, you basically strip your mortgage contingency away. &nbsp;Please let me know if you have any further questions. &nbsp;In order to retain your contingencies, you need to meet deadlines or request and be granted an extension (if needed).<br/><br/>John Kenney<br/> Tue, 27 Nov 2012 15:12:00 GMT http://www.zillow.com/advice-thread/Confused-by-Homesteps-timeline-Do-I-need-to-submit-a-mortgage-application-already/467584/ 2012-11-27T15:12:00Z The sooner the better.&nbsp; ... http://www.zillow.com/advice-thread/Confused-by-Homesteps-timeline-Do-I-need-to-submit-a-mortgage-application-already/467584/ The sooner the better.&nbsp; Depending on where you are searching for a home, the inventory most likely will be slim.&nbsp; This will create lots of offer competition.&nbsp; In order to remain competitive, you should be prepared with everything you need to make an offer quickly.&nbsp;&nbsp;So yes, get your loan approval and be ready.&nbsp; Mon, 12 Nov 2012 22:57:00 GMT http://www.zillow.com/advice-thread/Confused-by-Homesteps-timeline-Do-I-need-to-submit-a-mortgage-application-already/467584/ 2012-11-12T22:57:00Z The sooner the better. Application ... http://www.zillow.com/advice-thread/Confused-by-Homesteps-timeline-Do-I-need-to-submit-a-mortgage-application-already/467584/ The sooner the better. Application should be sufficient to satisfy what they asking for. Have you applied for a loan yet? Mon, 12 Nov 2012 22:06:00 GMT http://www.zillow.com/advice-thread/Confused-by-Homesteps-timeline-Do-I-need-to-submit-a-mortgage-application-already/467584/ 2012-11-12T22:06:00Z