| Author | Message | ||
Gotcha Megastar Username: Gotcha Post Number: 27344 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
akkarledu, konni sellers adugutaru ante. ee vishaym lo TX best just 100 fee edo untundi if your get selected and you did not follow through so elagaina offers petti paradobachu. ... | ||
Time_pass Side Hero Username: Time_pass Post Number: 9281 Registered: 06-2008 Posted From: 136.174.187.5 Rating: N/A |
who is the lowest these days? Go to Bankrate.com and look up also i have a mortgage now, will preapproval outcome change based on that? Pre Approval is based on your current payments, current income and how much you are looking for. You need to tell them that you will be renting the current house which will add to your income if both wife and husband want to be in the new mortgage should both apply? If you are married both have to be on the mortgage in most of the states. | ||
Saarang Hero Username: Saarang Post Number: 14859 Registered: 06-2012 Posted From: 206.29.176.74 Rating: N/A |
Ekkado end avutundho cheppatam kastam...people are pouring and construction is soaring like no other city in America http://www.seattletimes.com/business/real-estate/seattle-sky line-is-tops-in-construction-cranes-more-than-any-other-us-c ity/ | ||
Saarang Hero Username: Saarang Post Number: 14858 Registered: 06-2012 Posted From: 206.29.176.74 Rating: N/A |
Yes, as long as your loan amount is less than 590k, you don't get into Jumbo. | ||
Maverick Legend Username: Maverick Post Number: 63476 Registered: 01-2008 Posted From: 108.171.130.189 Rating: N/A |
so that is good for me i guesss..i dont get into jumbo loan rate..right? Happy Vizag | ||
Rebel Hero Username: Rebel Post Number: 15461 Registered: 02-2008 Posted From: 159.45.186.45 Rating: N/A |
so tech bubble burst = seattle RE burst ? | ||
Saarang Hero Username: Saarang Post Number: 14857 Registered: 06-2012 Posted From: 206.29.176.74 Rating: N/A |
yes, your agent will have access to them. She will send those links through her portal and provide any other agent remarks. New confirming loan limits for 2017: http://www.nwrealtor.com/2016/11/28/conforming-loan-limit-ri ses-592250-seattle-area-2017/ | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 5879 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
ala emi ledu, if everybody had to put 20%, ee prices sustain kavu | ||
Maverick Legend Username: Maverick Post Number: 63475 Registered: 01-2008 Posted From: 108.171.130.189 Rating: N/A |
i saw some nice homes on redfin..is it a wise idea to show the links to my agent? Happy Vizag | ||
Saarang Hero Username: Saarang Post Number: 14856 Registered: 06-2012 Posted From: 206.29.176.74 Rating: N/A |
It depends on the competition for the house, if there are multiple offers the seller would prefer who is putting more money down (As they will be considered a stronger buyer)...but if a house is sitting for more than 30 days...they would take anything. | ||
Saarang Hero Username: Saarang Post Number: 14855 Registered: 06-2012 Posted From: 206.29.176.74 Rating: N/A |
Yes even with different firms....agents have very good tracking tools to track who is buying and selling what. Nenu 5 years back work chesina agents kooda, they contact me saying i saw that you recently sold a home...do you want to work with me on something else. | ||
Maverick Legend Username: Maverick Post Number: 63474 Registered: 01-2008 Posted From: 108.171.130.189 Rating: N/A |
i thought they will not look at anything less than 20% in westcoast..i dont want to block money in home if i dont have to..my preference is least downpayment.. Happy Vizag | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 5876 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
very difficult ee prices ki 20% down pettadam. FHA loans start at 3.5%, gc must. Conventional aite 10% acceptable | ||
Maverick Legend Username: Maverick Post Number: 63473 Registered: 01-2008 Posted From: 108.171.130.189 Rating: N/A |
even if they are in differnet firms? Happy Vizag | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 72080 Registered: 04-2009 Posted From: 152.85.8.38 Rating: N/A |
CA lo edo rule kuda vundi anta kada ? Recent ga frnd ki LA lo same jarigindi, they both shared 3% fee annadu frnd..Is it true ? | ||
Maverick Legend Username: Maverick Post Number: 63472 Registered: 01-2008 Posted From: 108.171.130.189 Rating: N/A |
is 20% down typical or people do more than that? less kooda chesara evarina? Happy Vizag | ||
Saarang Hero Username: Saarang Post Number: 14854 Registered: 06-2012 Posted From: 206.29.176.53 Rating: N/A |
Would not advise having 2 agents in the same area...they might send you the same listing and both might claim for a commission after you buy a house. | ||
Saarang Hero Username: Saarang Post Number: 14853 Registered: 06-2012 Posted From: 206.29.176.53 Rating: N/A |
https://www.sammamishmortgage.com/seattle-jumbo-loan-limits- overview/ | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 72079 Registered: 04-2009 Posted From: 152.85.8.38 Rating: N/A |
With my limited knowledge, experts chepte confirm chesukunta.. Nuvvu primary ani chepte primary ee, ledante investment kinda apr ekuva vuntundi.. Your loans, monthly payments will show up in ur credit. Credit card min payments chustaru... | ||
Maverick Legend Username: Maverick Post Number: 63471 Registered: 01-2008 Posted From: 108.171.130.189 Rating: N/A |
chala different..edo walmart ki velli konnatu konachu home..ee westcoast homebuying is a different animal Happy Vizag | ||
Maverick Legend Username: Maverick Post Number: 63470 Registered: 01-2008 Posted From: 108.171.130.189 Rating: N/A |
good that you asked. can we have 2 ? my wife is dealing with one, and can i approach the one you suggested? wifes agent was more life colleagues wife back here..so she approached us first saying i will help you find..she is relatively new to seattle market.. can you explain more? Happy Vizag | ||
Saarang Hero Username: Saarang Post Number: 14852 Registered: 06-2012 Posted From: 206.29.176.53 Rating: N/A |
Mid-west lekkalu different. Seattle lo confirming loan limit is in mid-500s and was about to be raised to high 500s. Agent decide ayyava? | ||
Maverick Legend Username: Maverick Post Number: 63468 Registered: 01-2008 Posted From: 108.171.130.189 Rating: N/A |
4.5 yrs in the current home..by the time i move to new, it will be ~5 yrs. this is just preapproval at this stage. i didnt rent yet, so how will i show the rental income? when i move to my new primary residence, will the old one change? i guess no as long as they get my emi, they dont care or will they go back and call it investment home and jack up the rate.. Happy Vizag | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 5872 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
buying and selling new homes lo, I think a case will be made on the current equity you have in your home. As long as you don't have negative equity, that should be fine 2 mortgages for avoiding jumbo loan, sounds like a good plan, but I have no idea honestly | ||
Aanimutyam Junior Artist Username: Aanimutyam Post Number: 20 Registered: 07-2016 Posted From: 63.94.52.49 Rating: N/A |
if i am renting out my existing home, would they treat it as income? will my new home be treated as primary?..how do they decide monthly expenses? what if u pay your childcare on credit cards? ------------------------------------------------------------ --------------- yes but you should show them how much rent you are getting.. yes if you are planning to move to the new home.. .it will be treated as owner occupied property in that case interest rate is also less, monthly expenses will be calculated based on all your noticeable expenses on the credit files, Keep one thing in mind, if you are getting less rent than your EMI, that will be considered as a loss for you and that will effect your new loan approval limit. If you don't have plans to occupy the new property its better to apply the loan as Investment property for that APR is more(Almost one percent). If you want to move out from the current home which is under mortgage make sure you stayed there atleast for a year that's what banks looks for. If one year period is over and if you want to move the new home you can apply the loan and owner occupied property and if you want to move back to your old house you can do that after one year. Last week only i went this entire process of applying for a new loan with BOA. | ||
Maverick Legend Username: Maverick Post Number: 63467 Registered: 01-2008 Posted From: 108.171.130.189 Rating: N/A |
to avoid a jumbo load, should both apply for 2 400k loans and get preapproved separately or a single application? Happy Vizag | ||
Maverick Legend Username: Maverick Post Number: 63466 Registered: 01-2008 Posted From: 108.171.130.189 Rating: N/A |
if i am renting out my existing home, would they treat it as income? will my new home be treated as primary?..how do they decide monthly expenses? what if u pay your childcare on credit cards? Happy Vizag | ||
Aanimutyam Junior Artist Username: Aanimutyam Post Number: 19 Registered: 07-2016 Posted From: 63.94.52.49 Rating: N/A |
Validity period 90 days... once expired they will run the credit check again | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 5869 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
west coast mottam ante. naku Calif lo pre-approval letter to patu, bank acct statement kooda choopinchadu realtor. But it worked, so I am not koschening the methodology | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 72077 Registered: 04-2009 Posted From: 166.137.248.32 Rating: N/A |
offer ki def ga vundali, naadi kuda adigindi... Multiple inquiries doesn't matter as long as u r doing only mortgage shopping. Multiple houses and salary ki, ur all monthly payments including ur new home should be less than 45% of income...then no rejection and u will get best rate assuming ur credit is excellent | ||
Maverick Legend Username: Maverick Post Number: 63464 Registered: 01-2008 Posted From: 108.171.130.189 Rating: N/A |
houses choopistunnaru..but to make an offer u need to be preapproved antunnaru seattle lo.. Happy Vizag | ||
Gochi Side Hero Username: Gochi Post Number: 2653 Registered: 12-2006 Posted From: 70.192.70.78 Rating: N/A |
Any bank is fine..i got it from Bank of America as i have a checking acct with them...no mandate that u need the same bank during closing..u can shop around coolly | ||
Maverick Legend Username: Maverick Post Number: 63463 Registered: 01-2008 Posted From: 108.171.130.189 Rating: N/A |
since home prices vary, how do we know the exact preapproval amount? say i got pre approved for 500k, can i place an offer on 600k home? Happy Vizag | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 72076 Registered: 04-2009 Posted From: 166.137.248.32 Rating: N/A |
I think its valid for 6 months.. Pre-approval letter depends on ur agent. Naa agent ki pre-approval letter ledu ani telusu, still houses chupettindi, migilina 2-3 agents letter lekapothe chupettam annaru.. | ||
Maverick Legend Username: Maverick Post Number: 63462 Registered: 01-2008 Posted From: 108.171.130.189 Rating: N/A |
so how do people do it when they sell homes and buy new ones? say u have a 400k house..and u want to upgrae to 600k house..how will they preapprove with first loan in place. Happy Vizag | ||
Gandhiguevara Legend Username: Gandhiguevara Post Number: 62891 Registered: 10-2009 Posted From: 67.191.221.7 Rating: N/A |
more than 415k aithe jumbo loan edho antaaru kadhaa tadavakundaane mopedu avuthundanta kadhaa | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 5867 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
surely possible. current mortgage will be recorded as your monthy liability | ||
Maverick Legend Username: Maverick Post Number: 63461 Registered: 01-2008 Posted From: 108.171.130.189 Rating: N/A |
this is just to place offer if i find a suitable home..its a long way to go..how long is preapproval valid?say i get pre approval now and dont find a home until 2 months..will it expire? i dont want multiple credit enquiries on my file Happy Vizag | ||
Maverick Legend Username: Maverick Post Number: 63460 Registered: 01-2008 Posted From: 108.171.130.189 Rating: N/A |
who is the lowest these days? eppudo 4 yrs back chesa..lost touch with market.. also i have a mortgage now, will preapproval outcome change based on that? if both wife and husband want to be in the new mortgage should both apply? for larger loans >500k, how much more than annual income do they look if applied alone? Happy Vizag | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 72074 Registered: 04-2009 Posted From: 166.137.248.32 Rating: N/A |
Doesnt matter, IMO | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 2763 Registered: 06-2013 Posted From: 165.225.34.125 Rating: N/A |
Personal checking account unna bank easy. Time unte, Rate shop chesi first e preapproval teesukunte, loan time ki fast ga process autundi. | ||
Maverick Legend Username: Maverick Post Number: 63458 Registered: 01-2008 Posted From: 108.171.130.189 Rating: N/A |
best bank enti to get preapproval?or it doesnt matter? Happy Vizag |