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Obtaining Loan Pre-Approval

Obtaining Loan Pre-Approval

Many buyers apply for a loan and obtain a loan approval before they find the home they want to buy.


Here are the benefits of the “pre-approval approach”:


  • You look at homes within your pre-approved price range.

  • You save money dealing with a comfortable seller.

  • You close more quickly.

  • You minimize trauma of knowing whether or not you qualify.


The following list of lenders are considered to be reputable within the real estate industry, but are in no way endorsed, nor are their services or prices warranted or guaranteed in any manner, by Make It Great Real Estate or by George Byrd, Realtor.


You, as a consumer, have the right to choose and secure the services of any lender you desire.

 
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Real Estate Glossary

 
Credit History: a record of an individual that lists all debts and the payment history for each. The report that is generated from the history is called a credit report. Lenders use this information to gauge a potential borrower's ability to repay a loan.
 
Notary Public: a person who serves as a public official and certifies the authenticity of required signatures on a document by signing and stamping the document.
 
Real Estate Property Tax Deduction: a tax deductible expense reducing a taxpayer's taxable income.
 
Duct : A sheet metal enclosure carrying warm or cool air from a forced air heating or cooling plant.
 
Adjustment Interval: the time between the interest rate change and the monthly payment for an ARM. The interval is usually every one, three or five years depending on the index.
 

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Make It Great! Real Estate LLC
Residential Real Estate Brokers
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Homes For Sale
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George Byrd, Broker
614-267-7676
614-474-8095 fax
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