Different Levels Of Financing Approval

There are over 25K homes on the market just in the Charlotte and surrounding area. Having said that, finding you a home is not an issue.

The most important thing to do is GO SEE YOUR LENDER! When buying a home in todays market you have to have a letter from a respected lender. There are several different types of letters a lender can issue:

1) Pre-Qualification Letter – This means simply the lender has pulled your credit score.

2) Pre-Approval Letter – This means the lender has checked your credit, bank statements, employment, and probably looked at your tax returns.

3) Loan Commitment – This means the lender has checked and verified all of your information at least twice. You are good to go, the money is yours.

IT’S IMPERATIVE YOU HAVE ONE OF THESE LETTERS TO SHOW YOUR VALUE AS A BUYER TO YOUR REAL ESTATE BROKER AND COMMITMENNT TO THE SELLER.

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>