Applying for a mortgage loan in another state

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Icon Mini Profile goporderonline




Joined: 14 Nov 2008

Posts: 1



1.39 Dollars($)

PostPosted: Fri Nov 14, 2008 12:57 am    Post subject: Applying for a mortgage loan in another state

I am living in Illinois currently and plan to move to Tennessee. What is involved in buying a home in Tennessee before moving down there? As far as work goes, I own and operate my own business and my husband is off on workman's comp right now so we have enough income to support a mortgage easily. I need to know what is involved in this process. Thank you!! Smile
 
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Icon Mini Profile jameshogg
jameshogg



Joined: 20 Dec 2005

Posts: 3301
Location: nevada


506.33 Dollars($)

PostPosted: Fri Nov 14, 2008 1:49 am    Post subject:

Hi goporderonline!

Congratulations to you!!!

As you are planning to get a house in Tennessee, you will first have to get approved from a lender and then start searching for a house. The lender will take into account your credit score as well as your income. The lender will also check the amount of down-payment you can pay. It will be better if you do some mortgage shopping before zeroing on a lender. This will help you to know the terms and conditions the lenders can offer you.

To know more about mortgage basics, check out the information available here.

Thanks
 
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Icon Mini Profile shayneroy
shayne.roy



Joined: 12 Nov 2007

Posts: 51



21.08 Dollars($)

PostPosted: Fri Nov 14, 2008 11:17 am    Post subject:

Hi goporderonline,

Welcome to the forum.

You need to plan this one and go accordingly, don't rush through in the exitement to buy the new home.

1. You need to get hold of a realtor and discuss with him about the kind of property you are wanting to buy. (You could go online @ www.realtor.com and see a few houses listed online for sale in the desired area)

2. Preliminarly, Talk to atleast 3 mortgage companies and compare the deals that they are offering you and most importantly pre-qualifying you.

3. Per your budget understand the downpayment that you would like to make on the house. Should you think that a high downpayment is not possible, you can seek an FHA loan.

4. Once you have identified the property, get started with the lender you choose to work with!

Hope this helps.

_________________
Shayne Roy
Profolio Home Mortgage Corp.
Add : 3701 Briarpark Suite 150, Houston TX 77042.
Direct: 713-429-4304 Ext.1032
 
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loveth

Guest








0.10 Dollars($)

PostPosted: Mon Dec 01, 2008 8:43 am    Post subject: well i need assistant pls

well am loveth
and am from nigeria pls am a student i need a loan
 
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Icon Mini Profile adonis
adonis



Joined: 22 Oct 2005



Posts: 2888
Location: ALASKA


357.38 Dollars($)

PostPosted: Mon Dec 01, 2008 11:56 pm    Post subject:

Welcome loveth,

You need to contact a Nigeria based lender to get a loan. This mortgage community has lenders who give loans to people based in USA.

_________________
Procrastination is the enemy of your financial sucess
 
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Icon Mini Profile banker0679

Community Experts
Community Experts


Joined: 15 Nov 2007

Posts: 332
Location: Charlotte, North Carolina


1.38 Dollars($)

PostPosted: Tue Dec 02, 2008 6:20 am    Post subject:

Welcome to Mortgagefit Goporderonline!

You can use our lender base on Mortgagefit to help you find the right mortgage. If you have any questions you can repost, and anyone will be able to assist you

please post back!

Thanks,
Robert

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