Prequalified vs Preapproved... What's the difference?

Lenders.... what's the difference between getting prequalified and preapproved? Do I need one or both?

question about rates--our quote seems really high and we have good credi...

We recently met with a WF broker for a pre-approval for a house in CA (Bay Area) and was offered (yet to be on a letter) the rates as follows. 30 yr fixed conventional - 5.25%30 yr fixed conventional ju...

Buying with 5% down Chicago Suburbs.....we have a FICO score of 735-690,...

My wife and I currently rent and are looking to buy in the northern suburbs of Chicago because the school options are better. We were planning to stay in the city and used a portion of our savings to p...

Self Employed, need advice for mortgage app?

Hello all, I have a situation that I would like to hear opinions on because I'm hearing different things from different people. I am a technical writer who has been working for/"with" the same company f...

Will $54,000 in school loans keep me from getting approved for a mortgage?

I am 23, my boyfriend is 24 and we're looking to buy our first home. My fico is 640, I'm not sure about his at the moment. I'm worried about my $54,000 in school loans, which are private, not federal, s...

I have my own bussiness in new york city but i want to buy a house in pa...

i have my own bussiness in new york city but i want to buy a house in pasadena maryland, can i qualify to have a fha loan

am

i have a condo in ca bought free and clear in Nov 2009 for 290K, curr value 300K. Fico 790, Self employed, 45K reserves, looking for 100K cashout paying of 22K in debt rest for future investment, can i ...

Is 620 the bare minimum of what is considered decent credit?

Family loan to go from 10% down to 20% down?

Hi all - I have a question that I haven't been able to answer through the usual google searches, etc. We are looking at buying a house in the Seattle area, and we have cash on hand to pay 10% down...We ...

how much down?

We're looking to purchase a home in northern CA in the $800,000 range. What are lenders requiring for down payments? We can scrape together a 15% down payment now. We have credit scores in the 740 range.

Credit score of 595, can I still get a loan?

Is it possible to qualify for a loan with a credit score of 595? Had trouble in recent past but paid off all collection accounts in 4/10. Still trying to get some bureaus to reflect paid off dates. Have...

Advantage of a early/mid/late month close?

I'm buying a new construction home and am currently renting on a month-to-month lease. It is near complete, and I have the ability to select my closing date. Are there any advantages to an early, mid,...

Credit Score: 765, Debt-to-Income: 35% --> worth lowering by 3%?

With a Credit Score of 765 (came from Experian) and a Debt-to-Income ratio of 35% (came from TransUnion), I'm wondering if it's worth paying off the credit cards ($6,000) before trying to get a home loa...

Credit Score: 765, Debt-to-Income: 35% --> worth lowering by 3%?

Need Help With ARM?

We're finding it difficult to find a single family home in our desired Chicago, IL neighborhood that falls into a comfortable price range, so we're considering financing a condo that we love, but which ...