Buying a House in a Hurry!

The Home Buying Process...
 
Speed Up the House Buying Process

1. Get pre-approved for the loan (do all of Phase II before even starting to house-hunt)

A. Order credit report yourself
You are now entitiled to a Free Credit Report once a year from each of the three credit reporting agencies. One strategy is to ask for a different report from a different agency every 3 or 4 months. However, we recommend that you request the Equifax Report and pay for the score that goes with it so that you can see what the Mortgage Companies and Apartment Managers will see.

B. Fix all problems with your credit report

C. Shop for a Loan with different mortgage companes

D. Tell your employer you are trying to buy a house and ask for a quick turnaround on the mortgage company’s proof of employment request

E. If persuing a VA loan, order the VA Certificate of Eligibility as soon as possible

2. Ask your Real Estate agent which appraisers are fast and come in on the high side. Ask the mortgage company to use those one of those appraisers.

3. Shoot for a closing date in the middle of the month. That is the lawyer’s least busy time.