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Peggy Smelcer
Broyles Real Estate & Auction 
Cell:     423-312-7170
Office:  423-586-6103
Email: info@PeggySmelcer.com
Licensed in Tennessee
 
Prompt,Courteous  Service...
"It's What I Do!"

Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

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Getting a Legitimate Lender and Getting Pre-Approved

It used to be that buyers could go house shopping and when they have found their dream home, then they go to get pre-approved. However, in today’s market, that has proven to be one of the least effective methods in landing the dream home.

Most lenders can pre-qualify you for a mortgage over the phone. Based on general questions about your income, debt, assets, and credit history, lenders can estimate how much mortgage you qualify for. However, being pre-qualified and pre-approved are different things. Pre-approval means that you have applied for a mortgage; you have filled out the mortgage application, received your credit report, and verified your employment, assets, etc. When you are pre-approved, you know exactly what the maximum loan amount will be.

A pre-qualified letter is not verified and in essence, does not count for much if you are competing with other buyers who are pre-approved. When you are pre-approved, you and the seller know exactly how much house you can afford. It gives you credibility as an interested buyer and lets the seller know immediately that you will qualify for a loan to buy their property.

In addition to being pre-approved, it’s important to be pre-approved with a legitimate lender. Legitimate lenders include: banks, mortgage bankers, credit unions, savings and loan associations, mortgage brokers, and online lenders.

Some lenders to avoid: those who lose a form or misplace a file, those who gather information from you in an unorganized manner, those who are not informed about interest rates, points or costs, and those who cannot provide you with the right information.

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Testimonials Page

I'm so glad I saw you on fb. My husband and I brought our home and you were out realtor last January. We absolutely love our home it feels like it should have always been ours. It has changed on the inside so much. I would love to fb u some pic so u could see the difference. But by all means if you are ever out our way stop and see us. Thanks again for helping our dreams come true I hope you have a Merry Christmas. Dusty R
I want to thank you in a very special way for your help in selling our property in Sevierville, in such short amount of time, hassle free at a great price for today's market value with such professionalism. Jeanette S
I'm sitting here in my wonderfully bright kitchen, Jake outside puttering in his shed. Needed to let you know how much we love our new home. Thank you for all of your help!! Bernadine J.
Thanks for all your help in making our "dream home" a reality. We really appreciated that you went the extra mile to get us the best price for our home. You are truly a professional. Sue and John
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