Real Estate and Home Mortgages - Lending Tree

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kt1128
12-10-08, 06:20 PM
I have just graduated and been accepted a job position that will begin Jan 5th, 2009. I am getting married in May so we want to start the house hunting process soon. I thought about getting on LendingTree.com to see what kind of loans we could qualify for.
Like I said, I have a start date and I know what my starting pay will be, is it too early to search for a loan on lending tree?
Thanks!


twelvepole
12-10-08, 09:07 PM
Shop around for loans and your being qualified to purchase a home. Pay close attention to interest rates, closing costs, etc. A savvy realtor can often point you in the right direction for financing. Talk with friends, family members, and fellow employees. Make an informed decision.

How to Qualify for a Home Loan (http://www.superpages.com/supertips/home-loan-qualify-mortgage.html)

Mortgage Qualification Calculator (http://www.mortgage-calc.com/mortgage/qualify.php)

Can I Qualify For A House : Qualify To Buy A Home : What Can I Afford For A Home - Get Pre Qualified : Free Consumer Information - GetPreQualified.com (http://getprequalified.com/)

djcheez
12-11-08, 10:24 PM
lending tree will get you in contact with several lenders offering hard to beat deals. however , be prepared for many phone calls and emails from those lenders and others as well. dont always trust a realtors finance guy, do your own research and compare. work with an actual bank, chances are you will have less problems.


Pendragon
12-12-08, 07:10 AM
My suggestion is to rent.

I'll make some assumptions based on what we have in your post.

You've just graduated.
You have a new job lined up that hasn't even started yet.
You probably have student loans to pay.
You don't have $10k+ sitting in the bank for a downpayment.
You don't have a stable work history (ie 2+ years at the same job).

In today's market, that job you have waiting may not exist in 3 weeks, it may be in a different location that where you looking.

You're getting married, so there's more expenses, and you're not going to have the money to furnish the place even if you get one.

Find a decent place that is within your budget and that will let you save a good chunk of change every month towards your downpayment while you build your credit and work history (get copies of your credit reports *now* and start working on them).

As for the website, I'd suggest against it for the reasons mentioned and then some. Do your own shopping around.