answersLogoWhite

0


Best Answer

Yes you can, it is called pre-qualifying. It is an advantage for the buyer to offer their information that they are approved for the amount offered as it is backed up by their bank pre-qualification. Sellers do not have to wait for the buyer to get approval and often perfer to work with pre-qualified buyers.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is it possible to apply for a loan before you find a property to purchase?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

Can you get a home equity line of credit to buy a home?

No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.


How do you apply for an equity loan?

To apply for an equity loan you have to contact a mortgage or home equity lender and see what kind of equity your home has. If your property value has declined it is possible that you could have negative equity.


Where could one apply for a property development loan?

One can apply for a property development loan from a local bank. One may wish to check various bank branches to find out which one offers you the best interest rate.


Can someone apply for a MasterCard online at the HBOS website?

Yes, it is possible to apply for a credit card MasterCard online on the HBOS website. The first thing to do is to go on the official HBOS website. There is then a page called credit cards. there it's possible to select MasterCard then apply now.


How can you rent to own?

This is usually set up long before one takes occupancy of a place or takes possession of a car. If it is so, then most (if not all) you pay in rent every month may apply to the total purchase price.

Related questions

Can you get a home equity line of credit to buy a home?

No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.


What property does not apply to a motor?

Which property does not apply to a motor?


Does one need a realtor to purchase a Milwaukee condo?

Yes one needs a realtor to purchase a Milwaukee condo. The same legal processes apply to buying other property and one can find them for purchase on 'Trulia'.


What is a bill of sale and what kind of purchase does it normally apply to?

A bill of sale is a document that is originated by a "seller" to a buyer and is considered a legally binding document. Bill of sales normally apply to any sale that is personal property, or parcel of real, or actually property that the seller owns.


When to apply for nonconforming land use?

You should apply for a nonconforming land use permit when your property use does not comply with current zoning regulations. This permit allows you to continue using your property in its current state even though it does not meet current zoning requirements. It is important to apply for this permit before making any changes to your property to ensure compliance with regulations.


CAN I APPLY FOR A GRANT ON A PROPERTY IN LOUISIANA AND LIVE IN TEXAS ?

“CAN I APPLY FOR A GRANT ON A PROPERTY IN LOUISIANA AND LIVE IN TEXAS? ”


Does the associative property apply to division?

there is not division for the associative property


Which property does not apply to a rectangle?

rectangle


Does commutative property apply to subtraction?

No!!


Which property does not apply to a rhombus?

it's not regular


Does the transitive property apply for the law of sines?

No, it does not.


What is required to get a CitiFinancial mortgage?

The website for CitiFinancial gives information on how to apply for different kinds of loans, including a mortgage with which to purchase a property. Their website provides online access to all their services.