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Expert Guidance
How can Glen and I ever thank you enough for all you have done for us! With your expert guidance, selling Mom Jukkola's house seemed like a breeze. Thank you for all the "extra" things you did that were both helpful and comforting. I hope when I have to face saying "good-bye" to my Mother there will be a JoEllen Mack around to help ease the pain. Thank you again from the bottom of our hearts.
Glen and Jan Jukkola
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Financing Your Home >Early Loan Approval
Many lenders help prospective buyers get pre-approved for a mortgage loan before the buyers begin a serious house-hunting effort. If you are in this position, give the loan officer all of the information about your assets, income, and debts so they can tell you how much you will be able to borrow under the available loan options. The loan officer will do a credit check and work with the lender to straighten out any problems with your credit rating.
Pre-approval from a lender can make you more attractive to the seller when you find the home you want. Multiple offers sometimes come in on a house, and you may find yourself competing with other buyers. In that case, it is helpful if you have included a letter from the lender with your offer stating that you have an approved loan and are, indeed, qualified to buy. This will also save you time by eliminating from consideration any homes that you would not be able to afford.
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| Q |
What mortgage transactions between borrowers and lending institutions operate in the private sector of the economy?
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| A |
Conventional mortgages are private sector transactions that are not insured or guaranteed by the government. |
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- NUMBER1EXPERT™ 
