Home Warranty
A home warranty provides homeowners with peace of mind that most systems and appliances are covered in case of failure. One call to our warranty claims center results in personalized assistance. A small deductible is paid by the homeowner and the balance is paid by the warranty company.
Mortgage Payment Calculator
Use this calculator to estimate what your monthly payments will be for a given loan. Enter in the value of the property or the amount your wish to borrow. You can adjust the down payment or interest rate to calculate your estimated payments. Click here
Pre-qualification and Pre-approval
Getting pre-qualified helps you determine how much home you can afford, based on a 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's 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.
Platinum Properties of LKN | 704-737-0717 | Contact Us
17111 Kenton Drive, Suite 202B - Cornelius, NC 28031
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Information last updated on 2024-03-28 17:30:14.