what do home equity loaners usually look at when buying a house?

by Admin on January 9, 2009

buying a house
LeviathanTM asked:

I am in the process of buying a house and Im wondering if I am already approved to buy a house what steps do I need to take in order for this deal to take effect?

For one my credit is in good standing. I have a decent equity coming in, but I am nervous because of the insurance costs and what thing I DONT know about closing costs. Can someone help me?

Tommy

{ 2 comments }

Jeff January 6, 2009 at 11:47 am

Here’s a site that might help:

alterfemego January 7, 2009 at 12:03 am

Your first step is to be pre qualified by a lender. They need all of your financial information; income, debts, etc. I always suggest you talk with at least three lenders. And do so with lenders in your local area. You may think you’re getting a great deal from some company on line, but when you get to closing and there is a problem, guess who ISN’T present? So use someone local.