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Lufkin TX Home Loans l Home Loans in Lufkin Texas
The benefits of a preapproval (not prequalification) for Lufkin TX Home Loans
A lot of consumers are not educated enough on how they should go about buying a home.
This can be extremely stressful or enjoyable depending on how you choose to go about the home buying process for homes in Lufkin TX and surrounding areas. The key is to take the proper steps to educate yourself on your buying power, initial investment, and taking some time to think about your lifestyle choices. This article will cover all of these.
The proper way to go about buying a home in Lufkin, Texas begins with getting preapproved for your home loan. Take note that we didn't say anything about getting pre-qualified because in today's mortgage industry it is meaningless. It is important to choose a mortgage lender that can offer no cost pre-approvals and home buyer counseling. The process can be lengthy, but you must include two years of tax returns, one month of paystubs, two months of all your liquid asset account statements which include 401K's, IRA's, Checking, Savings, and stocks to give your mortgage banker authorization to pull your credit report. You will need to provide all ... more
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