We are interested in looking a houses. I was wondering what are the things to ask? I just want to see if we have the money to put down, in our area for a house. And if there is anything in our area that we are interested in. If we just talk to them do we have to pay for that appointment? I don’t want us to get screwed over here any tips?

Answer:
Please get pre-approved for a loan first. This will tell you how much you can afford, will tell the agent that you are serious and you won’t be heartbroken when you find out the house you had your heart set on is not in your price range. Believe me when I say this is such an important step for the first time homeowner. Some Realtors and agents work with lenders and get a kick back which is a moral issue and illegal so be aware of this. Also there is a difference between being pre-qualified and pre-approved. The difference being qualify is you’ve spoken to a loan originator and gave them basic information that is only the first step in getting a loan. Pre-approval means the information was given to a processor,checked against requirements for that day (changes are daily) and sent back to the originator for more information from you. That is how they come up with the basic amount,rate and down payment that you may need.