Do I qualify for loan for Georgia Mountain property
Recieving financial help for purchasing property can be difficult. I always recommend to my clients that before we begin searching for a home that they visit their bank and get pre quailified. That simply means that you give the bank your general information on your income and your debts and based off what you provide them with they will let you know whether or not you qualify and if so for how much. Being pre approved is a little different. That is when the bank actually verifys the answers you provided by obtaining credit reports and using more specific data instead of a broad approval. Most offers , these days, require a pre qual letter be submitted with the offer to confirm that financing is possible. Most deals fall off at the closing table so sellers are requiring this step. It saves everybodies time to be pre qualified. Once the process is completed the closing of a property is much easier!