High Country North Carolina Mortgage Loan Information

mortgages-loans

Q & A on Obtaining a Home Loan in the North Carolina High Country

Pre-approvals, USDA Loans, Credit Scores, Loan to Value…..what does it all mean!? These are important things to know as you begin the process of purchasing your High Country Property. Whether it is vacant land, an investment property, a vacation home or a primary residence, 828 Real Estate is here to help guide you to the right resource for lending.

Most sellers these days expect a buyer to already have their lender in place and know what they are qualified for a mortgage before the purchase. A seller and their agent are going to be looking for a lender’s Pre-Approval, not just a pre-Qualification.

Q: What is the difference in a Mortgage Pre-Approval vs a Mortgage Pre-Qualification?

Everyone who is looking to purchase a property is not in the same financial situation or period of life. There are many different loan programs available to offer you the best opportunity to meet your financial and home ownership goals!

Q: What are some different mortgage loan options that are available?

As you begin to think about purchasing a property, one of the first things to consider is getting yourself in the best possible shape financially to make that purchase. It doesn’t stop just because you have been pre-approved for a mortgage loan. The lender checks your job status and credit up to the day of closing, so stay on top of keeping your credit in ship-shape.

Q: What are some things I should consider when getting PreApproved and Staying PreApproved for a loan?

To stay approved after you get approved you want to maintain a high credit score, employment, and other factors. You will have to stay on top of your finances.

We would like to send out a special thanks to Angela McLean at Movement Mortgage for her assistance in sharing these great videos! Are you ready to start the hunt for the right mortgage loan option for your budget and needs? We can help connect you to the right High Country North Carolina mortgage lender with experience you can trust. Contact us today to get started!

Listing: Contact Form