Get Pre-Approved For A Loan
Get a Mortgage - Get Pre-Approved
Getting pre-qualified helps you determine how much home you can afford, based on specific financial information you share with your lender. The lender does not verify this information, and consequently there is no guarantee you will qualify for the loan amount. Getting pre-approved requires that the lender verify your financial information, and does serve as a commitment to lend a specified amount based on that verified information. This gives you significant buying power with a seller who recognizes you will be approved for a loan.
What is pre-qualification?
Pre-qualification is an informal discussion between borrower and lender. The lender estimates the amount that you can borrow based solely on what you tell them about your income and assets. The lender does no verification and is not bound to make the loan when you're ready to buy. On the other hand, loan pre-approval is based on documented and verified information regarding your employment, your income, your liabilities, your assets and the cash you have available to close on a home purchase.
How is pre-approval better?
To a seller, a lender's pre-approval letter is considerably stronger than a pre-qualification letter. If a seller knows your financing is secure, your offer is stronger. Pre-approval also gives you peace of mind as you shop for a home, knowing that you will qualify for the proper mortgage amount.
To be pre-approved, complete the following form and we will begin the pre-approval process for you and be in touch as soon as possible.
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The Team at The David Kahn Company should be given high praise for their efforts in finding the perfect homes for clients moving to Montgomery, Alabama. In March 2005 I relocated from Santa Clarita, California to Montgomery, Alabama and from the very outset of the relocation process, I was treated with high regard and my needs as a client were given immediate attention. I would highly recommend the Team at The David Kahn Company to represent anyone planning on moving into Montgomery, Alabama. They made my experience very easy and enjoyable, I will never forget Terri Martin and David Kahn at The David Kahn Company.
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Andy Baysinger
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