Before you can start searching for your dream home, you'll need to go to a lender. Banks have plenty of mortgage lenders to help you figure out your situation and if eligible to receive a loan. Your realtor will assist you in referring you to the appropriate bank to fit your specific needs.
The Mortgage lender has reviewed your financial position and believe you will be able to handle a certain amount. This is know as pre-approval.
Now you have a clear understanding of what you can afford and what is out of your budget.
After getting your pre-approval, it's time to go find the dream home! Click here to start searching:
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