June 2009 Weddings
megs1383
member
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
we had the talk this weekend...
DH and I decided that we are ready to start looking into home buying.
We've both spent a little time over the last month looking at house listings all over the different areas we are interested in just for fun, and are ready to start figuring out what we can realistically afford. I think our first step is to get pre-approved for a mortgage?? Where do you go to do this? Any homeowners have advice on how to get started with this whole process???
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Re: we had the talk this weekend...
Pick a bank, any bank, that you'd be interested in potentially using. They will guide you through the preapproval process.
However, keep in mind, when you get your preapproval # back, it will be a VERY high number - most likely way more than you would like to spend. Chop like 25k off of that and that will most likely be your comfort zone.
Once you are preapproved, you are free to start looking and putting in serious offers. Most offers want evidence of preapproval for mortgages along with it, it gives you more of a leg to stand on.
Good luck and have FUN with it! I'll be completely honest, it was the most stressful thing I've ever had to go through but I'll tell you, this morning, the first thing I said out loud to my husband was "I love waking up in this house." So worth it!
If you have any more questions, I would be glad to give you my email
Dx: MFI, unexplained recurrent miscarriages
IVF w/ICSI #1 (December 2010): m/c at 6w4d
IVF w/ICSI #2 (April 2011): c/p
FET #1 (July 2011): m/c at 7w3d
IVF w/ICSI #3 (October 2011- new clinic): BFP.
Lainey was born on June 13, 2012 via c-section at 37w3d!
I would also add to shop around to a couple of different banks and agencies. We first looked at a lender where one of my co-workers at the time worked, then DH's credit union and we looked at Lending Tree online. The co-worker's place had the best deal, but we thought we should try one brick and mortar bank, too so we went to my bank (BofA).
They offered us one jumbo mortgage plus a second one for 100% financing (even though we said we only wanted one mortage, and we wanted to put money down). They were insisting we take these two mortgages at variable interest rates (not fixed, like we had asked) and we walked out of there shaking our heads thinking "this is how our nation got into a mortgage crisis." Shop around and if someone isn't giving you what you want, go somewhere else.
No balloons, no ARM's, no interest-only mortgages, put down a deposit and you will be fine.
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Yes, ditto LarkNow.
It's worth mentioning that although I grabbed a preapproval and went looking - we didn't end up using the mortgage company that we got the preapproval with.
I just think that having that preapproval gives you more of a leg to stand on - but definitely shop around!
Dx: MFI, unexplained recurrent miscarriages
IVF w/ICSI #1 (December 2010): m/c at 6w4d
IVF w/ICSI #2 (April 2011): c/p
FET #1 (July 2011): m/c at 7w3d
IVF w/ICSI #3 (October 2011- new clinic): BFP.
Lainey was born on June 13, 2012 via c-section at 37w3d!