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PRE-APPROVAL

WHY APPLY NOW?

Applying for pre-approval on a mortgage is a great first step in your home-buying journey. Pre-approval means you receive an estimate of what you might be able to borrow, based on the information you provide about your finances, as well as a credit check. Pre-approval strengthens your chances of having your offer accpeted. It shows sellers that you’re a serious homebuyer and that you can secure a mortgage – which makes it more likely that you’ll complete your purchase of the home.

STEPS FOR PRE-APPROVAL
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BRIAN CANADY

Southern Trust Mortgage

NMLS #115484 | (910) 988-4705

Southern Trust Mortgage is happy to be serving homebuyers in Fayetteville, North Carolina as well as the surrounding Cumberland, Harnett, Hoke, Moore, Johnson, Robeson, Sampson, Bladen areas. We are committed to offering the families of North Carolina a diverse range of products that fit each unique situation. Whether you are Military seeking a VA loan, a First Time Homebuyer looking at FHA options or in need of a Jumbo loan to finance your dream home, our team is committed to making home happen for you. Call one of our experienced Fayetteville, NC Loan Officers today!

SOUTHERN TRUST MORTGAGE

Southern Trust Mortgage LLC, NMLS #2921 (www.nmlsconsumeraccess.org) lends in the following states: District of Columbia -#MLB-2921 | Delaware –#036386 | Maryland | North Carolina – #205483 | Pennsylvania –#94064| South Carolina | Tennessee |West Virginia –#ML-34191 | Virginia – #MC7387 | Florida – MLD #2151; Southern Trust Mortgage, LLC d/b/a Southern ResidentialLending in the following states: Alabama –#22560 | Georgia –#16579 | New Jersey – Licensed by the N.J. Department of Bankingand Insurance.

Pre-Approval Steps

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STEP 1 : WHAT IS PRE-APPROVAL?

Mortgage pre-approval is the process of determining how much money you can borrow to buy a home. In order to receive pre-approval your lenders look at your income, assets and credit score to determine what loans you could be approved for, how much you can borrow, and what your interest rate might be. Pre-approval doesn't last forever. Check your expiration date and keep it in mind as you look at homes. Though it varies from lender to lender, pre-approval is typically valid for 60 – 90 days.

STEP 1 : WHAT IS PRE-APPROVAL

STEP 2 : GATHER DOCUMENTS

The pre-approval process is essentially a mortgage application. This means your lender or loan officer will want to take a comprehensive look at your finances. You should be prepared to provide information on the following: proof of income, employment verification, proof of assets, credit history, identification, debt-to-income ratio (DTI), W-2 statements, pay stubs, bank statements, license, and Social Security number.

STEP 2 : GATHER DOCUMENTS

STEP 3 : CREDIT CHECK

Pre-approval usually requires a hard inquiry into your credit. While this may cause your credit score to drop slightly, getting pre-approved won’t hurt your credit significantly. Subsequent inquiries from other mortgage lenders within the same time period (usually about 45 days) won't affect your score at all.

STEP 3 : CREDIT CHECK

STEP 4 : PRE-APPROVAL LETTER

When you get pre-approved, you usually get a pre-approval letter. There are a few reasons the pre-approval letter is important. First, it lets your agents know how much you can afford so they don’t waste time showing you homes outside your budget. Second, the pre-approval letter is something you can share with the seller when you make an offer. It shows you're ready to finance the amount you’re offering.

STEP 4 : PRE-APPROVAL LETTER

***MOBILE DESIGN STARTS HERE***

PRE-APPROVAL

WHY APPLY NOW?

Applying for pre-approval on a mortgage is a great first step in your home-buying journey. Pre-approval means you receive an estimate of what you might be able to borrow, based on the information you provide about your finances, as well as a credit check. Pre-approval strengthens your chances of having your offer accepted. It shows sellers that you’re a serious homebuyer and that you can secure a mortgage – which makes it more likely that you’ll complete your purchase of the home.

BRIAN CANADY

Southern Trust Mortgage

NMLS #115484 | (910) 988-4705

Southern Trust Mortgage is happy to be serving homebuyers in Fayetteville, North Carolina as well as the surrounding Cumberland, Harnett, Hoke, Moore, Johnson, Robeson, Sampson, Bladen areas. We are committed to offering the families of North Carolina a diverse range of products that fit each unique situation. Whether you are Military seeking a VA loan, a First Time Homebuyer looking at FHA options or in need of a Jumbo loan to finance your dream home, our team is committed to making home happen for you. Call one of our experienced Fayetteville, NC Loan Officers today!

SOUTHERN TRUST MORTGAGE

Southern Trust Mortgage LLC, NMLS #2921 (www.nmlsconsumeraccess.org) lends in the following states: District of Columbia -#MLB-2921 | Delaware –#036386 | Maryland | North Carolina – #205483 | Pennsylvania –#94064| South Carolina | Tennessee |West Virginia –#ML-34191 | Virginia – #MC7387 | Florida – MLD #2151; Southern Trust Mortgage, LLC d/b/a Southern ResidentialLending in the following states: Alabama –#22560 | Georgia –#16579 | New Jersey – Licensed by the N.J. Department of Bankingand Insurance.

Pre-Approval Steps

STEP 1 : WHAT IS PRE-APPROVAL?

Mortgage pre-approval is the process of determining how much money you can borrow to buy a home. In order to receive pre-approval your lenders look at your income, assets and credit score to determine what loans you could be approved for, how much you can borrow, and what your interest rate might be. Pre-approval doesn't last forever. Check your expiration date and keep it in mind as you look at homes. Though it varies from lender to lender, pre-approval is typically valid for 60 – 90 days.

STEP 1 : WHAT IS PRE-APPROVAL

STEP 2 : GATHER DOCUMENTS

The pre-approval process is essentially a mortgage application. This means your lender or loan officer will want to take a comprehensive look at your finances. You should be prepared to provide information on the following: proof of income, employment verification, proof of assets, credit history, identification, debt-to-income ratio (DTI), W-2 statements, pay stubs, bank statements, license, and Social Security number.

STEP 2 : GATHER DOCUMENTS

STEP 3 : CREDIT CHECK

Pre-approval usually requires a hard inquiry into your credit. While this may cause your credit score to drop slightly, getting pre-approved won’t hurt your credit significantly. Subsequent inquiries from other mortgage lenders within the same time period (usually about 45 days) won't affect your score at all.

STEP 3 : CREDIT CHECK

STEP 4 : PRE-APPROVAL LETTER

When you get pre-approved, you usually get a pre-approval letter. There are a few reasons the pre-approval letter is important. First, it lets your agents know how much you can afford so they don’t waste time showing you homes outside your budget. Second, the pre-approval letter is something you can share with the seller when you make an offer. It shows you're ready to finance the amount you’re offering.

STEP 4 : PRE-APPROVAL LETTER

LET'S GET STARTED

Contact Team Groover

At Team Groover, we believe that you deserve a tailored real estate strategy to meet your unique needs. That’s exactly what you get when you choose to work with us. Our primary focus is on our client’s needs and wants. At the start of the process, we examine the motivation behind why you’re purchasing or selling your home. With this understanding, we can advise our clients from an informative approach, bringing them one step closer to a successful closing. Our ability to listen, understand, and communicate effectively brings incredible results and lasting relationships.

CONTACT US
Team Groover Logo
  • Shawn & Shari Groover
  • RE/MAX Choice
  • Soni Rider, Broker-in-Charge

© 2024 Longleaf Pines Association of Realtors MLS. All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties marked with the IDX icon are provided courtesy of the Longleaf Pines Association of Realtors MLS, Inc., Internet Data Exchange (IDX).

Privacy Policy

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Team Groover Logo
Children's Miracle Network
Fayetteville Animal Protection Society
Equal Housing Lender

LET'S GET STARTED

Contact Team Groover

At Team Groover, we believe that you deserve a tailored real estate strategy to meet your unique needs. That’s exactly what you get when you choose to work with us. Our primary focus is on our client’s needs and wants. At the start of the process, we examine the motivation behind why you’re purchasing or selling your home. With this understanding, we can advise our clients from an informative approach, bringing them one step closer to a successful closing. Our ability to listen, understand, and communicate effectively brings incredible results and lasting relationships.

CONTACT US
Team Groover Logo
  • Shawn & Shari Groover
  • RE/MAX Choice
  • Soni Rider, Broker-in-Charge
Remax Balloon
Team Groover Logo
Children's Miracle Network
Fayetteville Animal Protection Society
Equal Housing Lender

© 2024 Longleaf Pines Association of Realtors MLS. All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties marked with the IDX icon are provided courtesy of the Longleaf Pines Association of Realtors MLS, Inc., Internet Data Exchange (IDX).

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Privacy Policy