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Mortgage Pre Approval Process Explained
What is mortgage prequalification? A prequalification is a rough estimate of what you might be able to borrow and the rates you might qualify for, based on. A preapproval will show sellers you're a serious buyer and give you a competitive advantage when you decide to make an offer. Why Get Preapproved? Learn how. Once you've compared multiple lenders and selected the lender you'd like to work with, you can apply for pre-approval by filling out a loan application. To.
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