Mortgage FAQ...
Jack Richardson
Affiliate Broker

Town & Country Realtors
Of East Tennessee, Inc.

Cell: 865-789-7568
Office: 865-982-5000
Toll Free: 800-281-4155
I service the following areas:

Maryville Tennessee
Blount County Tennessee
Alcoa Tennessee
Townsend Tennessee
Friendsville Tennessee
Knoxville Tennessee
Lenoir City Tennessee
Loudon County TN
Knox County TN
Monroe County TN
Sevier County TN
East Tennessee
Town & Country Realtors of East Tennessee 191 Foothills Mall Maryville, TN 37801 Jack Richardson © 2008. All rights reserved.  Another Custom Design by Graphix Marketing Solutions
Q: What is the first step to getting pre-approved?
A: The first step is to contact a lender and give them information about
your employment, income and credit so that they may determine what
loan program is right for you and what amount you qualify for.

Q: What should I have ready when I apply for a loan?
A: Social Security Numbers, copies of bank statements, recent
paycheck stubs, a list of your debts as well as your last 2 years W-2

Q: What if I am Self–Employed?
A: There are so many loan programs available for self-employed
individuals with loan to values as high as 95%. Depending on your credit
score the rates can be quite competitive.

Q: As a veteran am I guaranteed a loan?
A: No. You must still credit qualify and income qualify. VA just
guarantees a portion of the loan if you qualify through a lender.

Q: What does 100% Financing mean?
A: That means that you are not required to put a down payment on a
loan but you may still have some closing costs to pay depending on the
loan program.