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Brian Richards


Office: 704-668-8889
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What's the First Step in the Financing Process?

Getting pre-qualified helps you determine how much home you can afford, based on specific financial information you share with your lender. The lender does not verify this information, and consequently there is no guarantee you will qualify for the loan amount. However, getting pre-approved requires that the lender verify your financial information, and does serve as a commitment to lend a specified amount based on that verified information. This gives you significant buying power with a seller who recognizes you will be approved for a loan.

More About Pre-Qualification

Pre-qualification is an informal discussion between borrower and lender. The lender estimates the amount that you can borrow based solely on what you tell them about your income and assets. The lender does no verification and is not bound to make the loan when you're ready to buy. On the other hand, loan pre-approval is based on documented and verified information regarding your employment, your income, your liabilities, your assets and the cash you have available to close on a home purchase.

Pre-Qualification vs. Pre-Approval

To a seller, a lender's pre-approval letter is considerably stronger than a pre-qualification letter. If a seller knows your financing is secure, your offer is stronger. Pre-approval also gives you peace of mind as you shop for a home, knowing that you will qualify for the proper mortgage amount.

Find details on getting pre-qualified or pre-approved.

Allen Tate Mortgage Services

When it comes to financing, we provide hundreds of options as well as trusted assistance in making sound financial decisions. Take advantage of our low interest rates and fees, complimentary pre-qualification, easy application process, a wide variety of lenders and products to choose from, highly trained mortgage consultants, and local loan processing which minimizes time spent at closing.

Ask Me About Our Mortgage Solutions:

Streamlined approvals reduce the need for full employment and asset verification

Mortgages from $25,000 - $5,000,000

15 to 30-year fixed and adjustable rate alternatives

Rates with extended lock periods and float-down feature to protect you in an escalating rate market

Refinancing alternatives for every owner

Our Specialties Include:

Owner-occupied, second or vacation home financing

No down-payment' programs

Special financing program for transferees

Get more financing information or to schedule an appointment with my mortgage partner.

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