Its the Lending Process Part 3 of 4 - Traditional Financing
By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
Its the Lending Process Part 3 of 4 - Traditional FinancingI get the same question virtually every time I have an initial conversation with a first time home buyer, why do I need my financing in place before starting to view homes? Simple way to answer this, are you going to go to the grocery store, fill up your cart with food and supplies, only to get to the checkout line and not have the money to pay for it? The logical answer to that is "No". So why would you approach home buying the same way? With all the variable prices of homes, different locations and different ways to get financing, its always the best policy to get approved first. You'll know what type of loan your getting (FHA, VA, Conventional or Jumbo). You'll understand what you can expect payment wise (Most lenders, at lea...
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