Why Do I Need a Preapproval to Look at Houses?

If you have ever been in the market for a house, you are familiar with a preapproval. If not, a preapproval is a letter from a mortgage lender stating that they have reviewed your financial status and have determined that you meet their borrowing guidelines for obtaining a mortgage to purchase a house.

Continue reading “Why Do I Need a Preapproval to Look at Houses?”

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