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preapproval: High tax values on some homes can void some loan pre-approvals - 10/13/08 06:15 PM
It seems the majority of buyers these days want to scoop up a foreclosure for a bargain price.  And many buyers are finding some great bargains in this market.   But buyers and agents need to know that in certain situations, they may have a problem qualifying for a loan on a foreclosure if the sales price is far below the tax appraised value.  This is true for any house that's selling below tax appraised value as well, but this seems to be a more common problem with foreclosures since they are often sold at far below tax appraised value.  Since debt to income … (4 comments)

preapproval: When Is The Right Time To Get Pre-Approved For A Mortgage? - 10/08/08 07:23 PM
Many perspective homeowners find themselves asking "When Is The Right Time To Get Preapproved For  A Mortgage?"  Getting pre-approved for a mortgage is something that many buyers put off until the last possible minute when it should actually be something that's done far in advance of looking for a new home.   Unless you're planning to pay cash for a home and don't need a loan, the pre-approval process is inevitable.   The earlier you consult with a lender in the process, the lower the chances of having a problem.  However, many people are reluctant to do this, and here are some of the main reasons why:
FEAR THAT … (1 comments)

 
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John Jones

Dallas, TX

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Texas Urban Living Real Estate

Address: 5706 E. Mockingbird Lane Suite 210, Dallas, TX, 75206

Cell Phone: (972) 978-3553

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