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home buying: The Home Buying Process...What comes first?
- 02/21/11 06:18 AM
Step One of the Home Buying Process: Mortgage Pre-Approval - How much house can you afford?
What is a pre-approval? A lender reviews your financial situation and determines if you qualify for a mortgage, what your maximum monthly mortgage payment could be and what price range is suitable for you.
Why is it important? Being pre-approved for a certain amount prevents you from falling in love with a home that you cannot afford. It also prepares you for the mortgage payment and closing costs involved with purchasing a new home.
How do I get one? At the end of this package … (0 comments)
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Step One of the Home Buying Process: Mortgage Pre-Approval - How much house can you afford?
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