Advantages of Pre-Approval
The next step in the home buying process is for you to obtain a “pre-approval letter” from that lender. Before I get to that, it is important to note that there is a significant difference between “pre-qualification” and “pre-approval.” Most buyers don’t understand that there is a difference, but the difference is dramatic and not realizing this could have a significant impact on the outcome of your home buying efforts.
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Posted on Thursday, June 29th, 2006. Filed under: Real Estate Misc, Real Estate Investing
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