Why Pre-approval?
Are you looking for a home in the Smoky Mountains? Have you talked to your real estate agent? If so we are sure you have been asked "Are your pre-approved?" Ever wonder what's the big deal about pre-approval? We will give you an in depth walk through on what it means, how to begin, and why we believe it is such an important element to beginning your search for your perfect home in the Smoky Mountains. What is Pre-approval? Loan officers will calculate a your financial ability to make monthly payments. The loan officer does this by reviewing the your financial status including, income, assets, cash flow, and credit score, to help determine the maximum monthly payment the you may qualify for. If you qualify the lender will pre-approve a mortgage before the you have found a home. Where to Start? There are several options to finding a lender. We suggest shopping around in looking for the best rates and a lender you feel comfortable with. ...