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Facts About Brentwood TN Mortgage Loan Offers And Pre-approval

Our friends at CMG Financial including the Team of Carey Ann Cyr understand the facts about Brentwood TN Mortgage Loan Pre-approvals.   If you are planning to go out and look at homes with The Grumbles Team and get serious about making an offer on a home, we suggest you speak to a lender and get the financing laid out up front.  The following blog post shared with us by CMG Financial will explain the benefits of having a Brentwood Lender give you a Pre-approval and pre-qualify you for a mortgage.
Although many of the 'pre-approval' letters are worthless, there are types of pre-approval from Brentwood TN area lenders that can help you greatly when buying a house. If you can get pre-approval on your mortgage loan, then you will find it much easier to get the house you want quickly. If you want to know more about pre-approval for mortgage loans, then here are some facts to help you out.
Apply before you buy
Although many people used to look at homes before applying for a mortgage loan, nowadays it is critical that you apply for the mortgage loan first. This will allow you to know exactly how much you can afford to spend on a house, and so find the property you want much more quickly and easily.
Pre-approval and pre-qualification
Although you might have a great credit rating and a good job and know you will be accepted for a mortgage, it is much better to apply and get pre-approval than to simply be pre-qualified. Pre-qualified simply means you are eligible to apply for a mortgage loan, but does not guarantee the amount that you will receive. However, getting a pre-approval letter will tell you exactly how much you will be allowed to borrow. As long as your circumstances do not change, this amount is guaranteed. 
Getting pre-approval
To get pre-approval, you simply need to find the right Brentwood TN lender for your needs and then speak to them about pre-approval. They will perform the necessary checks and give you a pre-approval letter, after which you can start searching for your dream home.
Looking at the right Brentwood TN homes
If you have pre-approval, then you know exactly how much you can afford to spend on a property, and so can narrow your search down to homes within this price bracket. This will help you to find a property to match your needs much more quickly, and so make buying easier.
More negotiating power
If you have pre-approval on your mortgage loan, then you will be seen in the same way as a cash buyer. You already have the funds in place, so the seller is more likely to accept an offer immediately, even if it is below the price estimate. This is because they can be more certain that their house is sold, and so take it off the market pending the close of sale.
Quicker sale closing
One of the lengthiest parts of house buying and selling is the closing of the sale. If you have agreed to buy a house but do not have a mortgage in place, then it can take time to arrange the funds, and you might even find that you cannot get the funds you need. However, if you have pre-approval the funds are already guaranteed, and you can push through the transaction much more quickly. This will make buying a house much less stressful, and help you to get the home you really want.


Carey Ann Cyr
Carey Ann Cyr BW 175x175 CMG Financial • NMLS #1820
Carey Ann Cyr is the Area Manager and Mortgage Consultant for CMG Financial in Franklin, Tennessee. She works with individuals and families who are looking for the best mortgage in Franklin, Tennessee. She can be reached at 615-456-4556.

Call our team if you have questions about this blog or if you are looking for superior real estate guidance in or around Franklin, TN.

Brentwood TN Real Estate Mike Grumbles & The Grumbles Team specializing in Franklin TN Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

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