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Jack Sherry

Owner/Broker

Jack Sherry Real Estate & Investments

101 N. Hinckley

Holdenville OK 74848

Office:  (405) 379-3977

Fax:     (405) 379-6134

Mobile:  (405) 221-1325

jsrei@sbcglobal.net

Nancy Sherry

Broker/Associate

Mobile:  (405) 380-6517

nsherryrealestate@yahoo.com

Paige Sherry

Sales Associate

Mobile:   (405) 380-6715

paigesheffield_realestate@yahoo.com

 

 

Tara Goodson

Sales Associate

Mobile:  (405) 380-8033

taragoodson_realestate@yahoo.com

Dawn Lindsey

Provisional Sales Associate

Mobile:  (405) 221-7161

dlindseyrealestate@yahoo.com

 

 

 

 



Jack Sherry Real Estate & Investments
101 N. Hinckley
Holdenville, OK 74848
Phone: (405) 379-3977
Fax: (405) 379-6134
Email: agent@jsherryrealestate.com

Thank you for visiting today. If this is your first visit, take your time and look around. We have plenty of information and resources available to you. If you are a return visitor, thank you. We would love to hear from you. We 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

Thank you so much for your thoughtfulness,patience,fortitude, understanding and efforts. It's a joy knowing you. Thank you for all you've done. Sincerely E. Blair
On behalf of my mother, wife and myself, I thank you for assisting in selling our family home. Your down home understanding and professionalism was second to none. M. Carter
Thank you so much for all your help. You have made this a very easy process for me. Thank you again. T. McCorry
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