mortgages: The Importance of Being Pre-Approved for your Massachusetts Home Purchase - 04/10/09 11:01 AM
If you have begun the process of searching for a home in Massachusetts you have probably learned that the first step in this journey is obtaining a pre-approval from a bank.  A realtor may have suggested that you get "pre-approved" and this step is vital in today's home buying market.  
What, exactly, is a pre-approval?  
You may have started the process by going to on-line sites like Lending Tree to put bids out to receive competitive programs that fit your needs or Bankrate.com which has all of the current mortgage rates. 
The actual pre-approval is a letter from a lender stating that you … (3 comments)