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Why every home buyer needs a pre-approval before home shopping. » Mortgage Masters Group

Mortgage Masters Group Why Do Real Estate Agents Ask For A Pre-Approval One of the most common home buying myths that exists is that when buying a home, you should find a home before getting a pre-approval. There are some real estate agents who will show a home, or several homes, to a buyer without knowing whether a buyer is pre-approved or not.-

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First Time Home Buyers - All About Getting Pre-Approved For Loans In most cases, it makes sense for a home buyer to get a mortgage pre-approval before they begin to shop for homes. The process of getting pre-approved for a mortgage helps you concentrate your search on the sort of homes you can afford, depending on the creditor’s willingness to lend.

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 · Always get a formal pre-approval completed before going out to view homes. It will prevent you from investing a lot of time in finding a home, and offering on one, only to be disappointed that.

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If you’re shopping for your first home, don’t rely on beginner’s luck. You’ll need to know the ins and outs of obtaining a mortgage, whether there are any blemishes on your credit report, and which expenses to discuss in the negotiation process. find out what industry insiders think first-time homebuyers need.