It is what it is asked:


I am interested in purchasing a home and have a price range in mind. Can I get a loan for a home in my price range before I choose a specific house??
Thank you all so much for the helpful advice! I will definately try to get a loan first, I guess.

Gloria

econqwest asked:


I have asked this question before - I would like to see if anything has changed.

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misstrini1020 asked:


If there any loan officers out there that can please give me some advice i would really appreciate it. My son has a house that is currently being rented and I rent an apartment. Although he pays his mortgage on time he has bad credit and I have very good credit. His score if 560 and my score is 740. He wants to refinance and put my name on the mortgage since I have good credit. Will the bank allow this? If so how will it be done. Some people are saying he has to add me to the deed and wait 3 months, I have also heard he can just add me to the title and do it right away. I have heard some banks allow you to refi as long as you are just added to title. What is the difference between the two? I am trying to get a clear answer. Also, being that the house is rented do we have to get an investment property rate which is much higher than if it were owner occupied? The tenants that live in the house now are leaving and I am planning to leave my apartment and live there.

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