mortgage

6 tips for boomerang buyers of homes

Get preapproved
Get preapproved © Stuart Miles/Shutterstock.com

A loan preapproval from a lender is a must for rebound buyers, Temple says.

"I want to know they've been vetted properly before we spend our time with them and find out they can't buy anything," he says.

That attitude among real estate agents and home sellers is typical, so buyers should expect to speak with a lender before they're taken out to see for-sale homes.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Judy Martel

Bid for a home with $1,000

Detroit is auctioning off vacant homes for a song, but winning bidders should be prepared for sweat equity.  ... Read more

advertisement
Partner Center
advertisement

Connect with us