Mortgage Pre-Approval Is A Must! - 10/07/09 02:40 PM
Almost 1 in 3 borrowers who applied for a mortgage in 2008 was denied, the government reported last week. 
The Federal Reserve said the denial rate for all home loans was 32%, clear evidence lenders are keeping their standards tight.
Current home shoppers and home owners looking to refinance pay close attention.  Mortgage pre-approval is a necessity!  Don't gamble by skipping this step.  Loan turndowns may be the result.
A true pre-approval requires initial verification of assets, credit and income.  Automated underwriting findings can then be obtained.  The pre-approval is contingent upon final review of assets, credit and income, but if everything … (0 comments)

 

Scott Fowler - Greenville SC Mortgage Planner

Greenville, SC

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Horizon Financial, Inc.

Address: 421 SE Main St. Suite 200, Simpsonville, SC, 29681

Office Phone: (864) 527-8900 x 104

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