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Before you can get serious about buying a home, you need to get pre-approval for a mortgage. Learn what you need to speed up the approval process.
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Get Pre Qualified vs Pre Approved – The Difference. – Technically, the first step in getting a home purchase mortgage is to get pre qualified. Then get pre approved for the mortgage. Once you get pre approved you can go looking for a home and when you find the one you want to buy, that you can make the purchase offer with confidence that you can buy it.
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Just bear in mind that this loan prequalification calculator is in no way a guarantee. It is, however, a good starting point in figuring out if you can get pre-approval for a home loan.
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