The best way to secure financing is to have a Firm Lender Commitment (FLC) as opposed to a Pre-approval or Pre-qualification. Mario Boles, a Mortgage Coach at Renovation Mortgage Plus, has summed it up like this "A pre-approval or pre-qualification is a letter that states that the underwriter might approve you but a FLC is a letter stating that you are approved.

Having an FLC means that the underwriter, the person that has the only say when it comes to approving a mortgage, has reviewed and verified all documentation and has issued a FLC with conditions that are usually technical in nature such as appraisal, title and insurance requirements.

At Renovation Mortgage Plus we offer home buyers a free Select HomebuyerTM or a Premier Select HomebuyerTM Letter. Unlike a prequalification (where qualification is based on unverified application information) we take the extra step in helping buyers make quality offers.

Becoming a Premier Select HomebuyerTM requires the following:

• A completed mortgage application
• Review of credit report for credit worthiness by underwriter
• Review of asset statements for verification of sufficient funds to close by underwriter
• Review of most recent YTD income documentation by underwriter
• Receipt of a Firm Lender Commitment Letter (FLC) issued by the underwriter is on file.

A Select HomebuyerTM or a Premier Select HomebuyerTM Letter means that your buyer will have the piece of mind that comes from knowing the details about their loan including monthly payment, terms and conditions.

For more information about our Select HomebuyerTM or a Premier Select HomebuyerTM Letter contact us by phone 770-753-6239 or email at rmpservices@renovationmp.com