csrcsr Posted January 27, 2023 Report Share Posted January 27, 2023 9 minutes ago, Ravi860 said: I thought one need to get pre approved first for the amount of house interested in. Once you get pre approval then builder or seller know you can afford home and then allows to go in contract for the house you wanted. Am I wrong? @csrcsr more info pls Pre approval tho thy will allow you to get into contract, unless you send that signed contract to mortgage lender they wont lock that day interest rate and the period will be some 30 days 40 days etc, scneario where people have booked one eyar ago they cannpot lock the rate only few lenders with some payment upfornt are locking for 90 days 1 Quote Link to comment Share on other sites More sharing options...
macha Posted January 27, 2023 Report Share Posted January 27, 2023 13 minutes ago, Ravi860 said: I thought one need to get pre approved first for the amount of house interested in. Once you get pre approval then builder or seller know you can afford home and then allows to go in contract for the house you wanted. Am I wrong? @csrcsr more info pls Correct once you get into contract you can lock-in in treats for more than 90 days but for 90 days and below you don’t have to be in contract Quote Link to comment Share on other sites More sharing options...
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