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Welcome! Here You Can Find Great Information on Chattanooga Real Estate, Ooltewah, Signal Mountain, Lookout Mountain and Tennessee Real Estate  The Chattanooga area has everything most people dream of when searching for new home…….. rich history, friendly people, charming towns and a consistently stable economy. But the Chattanooga Valley has so much more to offer. In fact, Outside magazine selected Chattanooga as one of the “Best Towns in America” and Volkswagen Group of America has chosen this area as the site of its new North American Production facility. It truly is the Scenic City. Surrounded by lush natural beauty that includes colorful mountains and pristine rivers; cities and towns like Signal Mountain, Lookout Mountain, Ooltewah and Hixson offer modern conveniences and unparalleled access to outdoor adventures. Chattanooga residents regularly join in on the fun of boating, fishing, water skiing, and golfing during four fantastic and beautiful seasons. The Chattanooga Aquarium, the Children’s Discovery Museum, the I-MAX Theater, the Hunter Art Museum, Rock City and Ruby Falls all provide the residents of the Scenic City an abundance of social and cultural events throughout the year and make the Chattanooga area one of the South’s leading tourist attractions. If you are ready to buy or sell your home in the Chattanooga Valley, Jay Robinson is here to guide you through the process and satisfy all you Chattanooga Real Estate needs. You can use this website as your premier resource for all of your real estate needs in the Chattanooga Area. If you're a homebuyer, you will find our luxury homes and property search pages are perfect tools in your real estate ventures. Jay Robinson also provides information on relocation resources and free estimates on your home's value. With an incredible knowledge of the Chattanooga real estate, Lookout Mountain real estate, Signal Mountain real estate, Ooltewah real estate, and a strong track record of success, Jay remains dedicated to each client. Contact Jay Robinson today to find out more information! Jay Robinson |
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Financing Your Home >Qualifying For A Loan
It is useful for home buyers to understand the difference between loan pre-qualification and pre-approval. Pre-qualification, which in today's marketplace is usually done by mortgage brokers, means working with the buyers to determine how much they can afford and which loans are the most likely to be available to them. Loan pre-qualification can save buyers time and money and can even be a bargaining tool with a seller. However, pre-qualification is not the same as loan "pre-approval". The mortgage broker can often get the buyer a pre-qualification letter, but pre-approval must be issued by the mortgage lender.
Pre-approval means that the lender has definitely committed to loaning the buyer money, once the house itself is approved. Since it is a much stronger pledge, it is a much more valuable negotiating tool. When you hear someone talking about "pre-approval", they are referring to specific acknowlegment by a lender that they are willing to loan the buyer money. The real estate agent can be of assistance in this process.
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Who is "Freddie Mac", and why is he a big name in real estate?
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"Freddie Mac" is the nickname for FHLMC, the Federal Home Loan Mortgage Corporation, which buys mortgages from lending agencies, thus allowing lenders to continually replenish funds for new mortgage loans. |
 See More Real Estate Trivia > |
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