What should I look out for when getting a home loan?
956713
Interest.\n\nSome banks also have hidden fees.
15631
CREDIT Score is the big question.  If you have a decent credit score and enough income, then you might be a prospective home owner.  If you have a local credit union, contact them on mortgages available in your area.  Since credit unions are non-profit, they will most likely give you the best advice.  Another note on home ownership is the additional responsibilities, such as paying for water, garbage, gardening, painting, plumber, home insurance, etc that are usually taken care of my the landlord.
431671
Basically your bank will loan you money based on the value of your property. There are loan ratios so lets say they have a 10% ratio (I think thats normal although others demand more or less depending on the area). That would mean you can borrow up to 90% of the value of the house. If the house is 100K you could borrow 90K. Now if you only owe 50K because you bought it a a few years back and it has gone up in value then your bank will lend you up to the 90K (or an extra 40K) for you to do whatever you want with. Its a cheap way to finance debt for purchasing things like cars, holidays, extensions...than using a credit card or personal loan BUT it means you are putting those things under your home loan and if you dont or cant pay then they reposses your home. You would start by going to your bank and having the home valued by a professional they recognise to see how much you could borrow. A good bank will pay for this service for you as long as you take out a loan with them. You generally set up a new loan (which means a new fee) and then your back to normal. Your home loan repayments will go up but they should be able to calculate these for you so you know what to expect. Remember interest rates are on the rise so factor that in. Happy spending.
198482
Many, if not most, financial institutions will be willing to lend you money with collateral. SHOP for the best rates. Stick with the banks and credit unions - stay away from the high interest "store front" lenders
1116087
Consult a local mortgage broker.  Check your yellow pages and make an appointment with a loan officer.  Each individual's situation is different and there are a lot of variables affecting the loan process.  Only a detailed look at your credit history, employment, assests, and the home itself can get you approved for a home loan.\n\nBut...even if you get it, why would you pay it off in the spring?  I assume you plan on a lump sum of cash coming from somewhere, but KEEP IT!  Use the mortgage to your advantage (tax benefits) and put that cash into something more profitable.
56856
Good credit is very important in obtaining financing for real estate. Without knowing all the details, you are very much looking at two options: paying high interest on your home loan and/or putting up a lot of down up-front. Good luck!
781800
Look around and find a home mortgage consultant. To find one that you like, I'd suggest trying your usual bank, and asking your friends, family and neighbors. If you happen to know a realtor (if you've already found one you like), ask them for recommendations. I also recommend that you  bring a notepad with you when you talk to the lenders. There is a lot of terminology that can get very confusing when you're just starting the process. I really hope this works out for you! Good luck =)
353503
YOU CAN GO ON DUN AND BRADSTREET'S WEB SITE AND THEIR RATE ALL BUSINESSES.  BUT, BEFORE YOU BUY RIGHT OUT, IF YOU QUALIFY FOR A MORTAGE FROM THEM, THEN YOU CAN QUALIFY ANYWHERE.  CHECK WITH YOUR CITY OFFICE AND SEE IF THEY HAVE PROGRAMS.  IN COLUMBUS, OHIO THEY HAVE A PROGRAM WHERE THEY PAY THE DOWNPAYMENT AND ALREADY HAVE LENDERS THEY WORK WITH.  ALSO CHECK FOR FORECLOSURES, HUD, AND AUCTIONS.  YOU MAY GET A BETTER DEAL.  ALSO GO ONLINE AND SEE WHAT OFFERS YOU GET.  IF YOU FEEL WORRIED ENOUGH TO ASK ABOUT THEM, MAYBE YOU SHOULD LOOK FOR ANOTHER LENDER.\n\nJJ
10528
Interview mutiple banks and be prepared to have your crdit history reviewed. FICO score. Be clear and concise with wriiten information and do not take no for an answer.
711104
Try confused.com to compare all the lenders.  You can apply directly online from that website.
544234
Best way to find out is to get a free pre qualification done with a lender of your choice.  This will help you in many ways.  \n\n1.  You'll find out the various programs available.\n\n2.  You'll know exactly how much home you can shop for given the outcome of the lender evaluation.\n\n3.  You can ask the lender to provide you with a letter stating you are pre-qualified for xx amount...this makes any offer you do make on a home that much more strong and definitely more attractive.  If it came down to picking between two offers, the seller will almost always take one that is pre-qualified over one that isn't.  (Always have your lender tailor this letter to the specific offer -- no need to let someone know you are qualified for $250K if you only want to offer $230K on a home :)
418541
Depends on the type of loan you have.  If it's FHA you will have to wait 2 years.  Check you closing papers.   Stay positive and blessed\n\nTy
725338
Applying for a home loan isn't the problem. You can apply and get accepted rather easily.  The problem you will face is the interest rate.  The worse off your credit, the higher the interest rate.  Check around and don't take the first place that accepts you.
657411
You need to go and talk to a Mortgage Broker.  Any loan officer worthy of the name can easily assess your situation in short order.  STAY AWAY from anyone who is going to charge you fees up front (with the exception of the fee for pulling your credit bureaus.)
856386
Heres is some advice! If you are looking to purchase a home, first get pre-qualified. If you log onto http://www.justgetaloan.net we can get a you a fast free pre-qualification with access to great service,programs and low rates. Getting pre-qualified will let you know how much you can afford. Also when dealing with a realtor the realtor will work harder for you knowing that they have a real client. Many people want to buy homes, those who have the ability are the ones realtors work for. Also it will give you buying power. I.E. Seller is selling home for 200k you have been pre-approved for a mortgage up to 190k the seller is more likely to come down on the price becuase you have been qualified for the mortgage. Its like your walking around with a blank check. Feel free to log onto the site http://www.justgetaloan.net also you can contact me at 866 530 7300 ext 7305 or by email at jfreeman@justgetaloan.net
169718
Im not sure if you happen to live in the baystate (massachusetts or even New hampshire or RI) but baystatelending.com is awesome- put in your info regardless of whether or not your from the area and they will probably refer your information to another lender who could get you a loan
1144600
FHA guarantees loans for first time home buyers and can often offer solutions even to people with bad credit.  Shopping around for a good realtor and lender if very important.\n\nAsk friends and family who they have used.  In the market as it currently sits, almost anyone can get a mortgage, everything depends on how much you want to pay and what property you want.\n\nWhen looking for homes, make sure your realtor knows that you are a first time home buyer and interested in FHA loans since only certain houses qualify for them and some will be automatically ruled out.\n\nWhen shopping for a lender (don't JUST go with the one the realtor recommends but DO at least check them out), inquire about FHA loans and what type of points and interest would be available for someone with a credit rating of X.  find out what your credit rating is from the 3 major credit bureaus BEFORE you shop for a lender.  You want to know what they are going to be seeing before they do.\n\nThe more information you have the better.  Don't be afraid to ask questions or to walk away if it isn't what you want.\n\nStandard disclaimer: This is not legal advice nor financial advice.  If you wish to have legal or financial advice, you shoudl contact a licensed professional in your area.