Next year I will be purchasing my first home, and I have many questions. It's just a starter home nothing major (60k price range). Now going into this absolutely clueless I was told to use LendingTree.com to get an idea of what I can get approved for. My credit is excellent and I make more than enough money to pay the bills on a home for my price range. Now when I signed up on lending tree I instantly started getting phone calls which was great because I was hoping someone could clear up how this process works. I answer the call and state my situation that I will be buying a home next year and so on, but then I get an odd response. Almost like I'm instantly no longer taken serious. "Well it's a year away there isn't much we can do now since so much can change". Okay, I can understand that. Here is where I get lost though, I basically tell them that I just need a rough idea of how much money I could get approved for so I can actually start looking. I'm told to go online and use pre qualification calculators... Maybe this is normal? I am then told to get with my realtor about prices and what I can afford (I don't plan on having a realtor). How am I supposed to talk to a realtor about houses when I don't know how much money I have to play with? Hopefully someone can understand what I'm trying to get at here. Should I maybe just drop the entire thing until it's closer to buying time, and when exactly is "the right time" to start the pre approval process and what not. I was told a month before I'm ready to purchase, but I'm worried that the process will take longer than a month and if that's the case I will be out of a home for a period of time... I'm rather stressed about the whole situation, I would appreciate any help.
Submitted May 26, 2017 at 04:11AM by user45061 http://ift.tt/2s2795i
