Question: First time home mortgage - where to go?

(Posted by: pizzagirl on 2010-02-17 14:20:47)

I just got off the phone to try to get pre- qualified for a loan. The guy asked me how much I was looking at, and I told him and then after I ran some numbers by him basically had the tone of, "Well too bad...that might be kind of a high loan. " I wanted to look at homes and all I wanted to do was get an idea of the price I should start looking at but it was like pulling teeth asking him questions and asking him what numbers are safe to look at. I gave up and said I'd call back when he asked if I wanted him to do a follow up later.... What are some good places to look for a home mortgage?

Posted by: Age of Reason on 2010-02-17, 14:40:39

You have to sit down and figure out how much house you can afford. 200k you need 8K down, 6k closing costs. Monthly mortgage with taxes and insurance roughly 1800 a month. Only you know what price is safe to look at. Then talk to someone at your local bank.