Are You Ready to Buy a Home in Murphy, NC?
So you’re ready to buy a home in Murphy, NC, then you’ll want to get pre-approved for a mortgage and not just pre-qualified.
To get pre-qualified, you only submit credit, income and debt information to a mortgage broker or lender. That means the resulting estimate of the maximum mortgage and home that's affordable is exactly that - an estimate.
Before you can get pre-approved, however, you must allow their lenders to pull credit reports, check debt-to-income ratios and perform other underwriting steps. That puts you much closer to obtaining a loan and locking in a rate and term.
The pre-approval letter demonstrates your financial strength and shows that you have the ability to go through with a purchase. This is important to owners when considering an offer that might close because financing could not be obtained.
We have a list of great Mortgage Loan Originators that we can share with you and answer any questions you might have. Interest rates are lower than they have been in decades and there are many lending options out there for you so contact us and we’ll provide you with this information.
Lee & Carol Barbour ~ The Mountain Living Team www.MurphyMountainLiving.com
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