Getting pre-approved before beginning to shop for a home in Atlanta, Georgia is very important. Many agents will not show homes to people who are not pre-qualified to make the purchase and all offers require a pre-approval from a Georgia mortgage lender. To get a real, valid and acceptable mortgage pre-approval for a new home purchase loan anywhere in Georgia simply call Novation Mortgage at 678-946-0100 and a trained and experienced Atlanta area mortgage specialist will make sure you get the best service available. The new Georgia Association of Realtors© (GAR) contract contains a Financing Contingency Clause that says if the buyer does not have a fully approved loan within ____ days they can lose their earnest money and the contract can be voided*. We hear from agents they like for that blank to be filled in with a 10 or 15. That's not much time and if you don't have a real pre-qualification from a trusted source you may lose! What is the difference between a pre-approval and a pre-qualification? Pre-qualifications are based on a few questions answered by the applicant(s) without any examination of the facts by the mortgage professional. A pre-approval means the application information has been verified, documentation has been provided and the credit history has been examined. Many loan officers have given pre-approvals a bad name by just faxing out a letter without ever even checking out the application. At Novation Mortgage when we issue a PRE-APPROVAL letter for a real estate purchase it means we have examined the application and have gone through the process to pre-approve the borrower for a loan on an acceptable property. Is there any cost or obligation to get pre-approved? Even though there is an expense to Novation Mortgage of up to several hundred dollars to pre-approve a mortgage loan we do not, unlike many banks and lenders, charge any fees up front. We are only paid when the loan closes. There is also no obligation to continue with the transaction once you have been pre-approved. To get pre-approved for a home loan mortgage call 678-946-0100 *Per discussion with licensed agents based on their knowledge of the forms they use in their regular course of business.

Go Back
 



[ FHA Home Loans | Home Buyers | Contact | Home ]

THIS WEB SITE IS FOR INFORMATIONAL PURPOSES ONLY.
LINKS TO FHA LENDERS IS NOT NECESSARILY AN ENDORSEMENT OF THEIR SERVICES.
TO OBTAIN AN FHA MORTGAGE (OR ANY MORTGAGE) CONTACT A LICENSED LENDER IN YOUR AREA.
>>>NOVATION DOES NOT PROVIDE MORTGAGE LOANS ONLY INFORMATION<<<

Disclaimer/Terms of Use

Nothing in this website should be considered investment advice. Users of this website should consult with their own attorney, broker, or other financial advisor prior to making any investment. this website and its owners, partners, principals, employees, associates, contractors nor assignees, shall have no liability for investment decisions made by any user of this website based upon the information contained on this website.