You have probably wondered how much money you are actually paying for every thousand dollars of your home mortgage loan. The amount in question depends on the amount of your loan.
Why get Pre-Qualified?
The mortgage lender will review the details you provide regarding your income, liabilities, credit, and assets to arrive at a mortgage you can afford. This process is important as it provides a seller the amount you qualify for. If you are serious about purchasing real estate, this step is critical, as most sellers will not consider an offer without a prequalification letter presented along with it.
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