mortgage preapprovals: A Buyer's Plea: But I Don't Want to Spend Thaaat Much! - 01/08/11 05:11 PM
 
And you don't have to spend thaaat much even if the lender says you can!
One of the first steps in the home buying process is applying for and receiving a mortgage pre-approval.    After I have first time home buyers(and even move-up buyers) obtain a mortgage pre-approval, the lender will call and/or send me the approved loan amount along with written verification of credit scores, source of down payment and employment history...all the usual things.   
There is often a disconnect between the lenders pre-approval amount and the "number" the buyer is thinking.   The buyers are thinking of a lower amount and they will ask "why do they(the lender) think I would … (11 comments)

 
Michael Jacobs, PasadenaCA Real Estate Representation 818.516.4393 (Coldwell Banker Residential Brokerage) Rainmaker large

Michael Jacobs

PasadenaCA Real Estate Representation 818.516.4393

Pasadena, CA

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Coldwell Banker Residential Brokerage

Address: 2065 Huntington Drive, San Marino, CA, 91108

Office: (626) 685-5246

Mobile: (818) 516-4393

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Your source for real estate representation in the San Gabriel Valley and northeast communities of the city of Los Angeles including: Pasadena, Altadena, South Pasadena, San Marino, Alhambra, San Gabriel, Temple City, Arcadia, Sierra Madre, Monrovia, Duarte, Bradbury, Azusa, Glendora, Claremont, Glendale and La Canada Flintridge as well as Highland Park, Monterey Hills, Eagle Rock, Mt Washington, Montecito Heights, Glassell Park and Sagamore Park.


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