25 Tips For Buying Your Dream Home in 2019 – Series

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25 Tips For Buying Your Dream Home in 2019 – Series

25 tips for buying your dream home in 2019 – series continues…

 

17. Go Through the Pre-approval Process for a Mortgage

Any offer that you make to buy a home is stronger if you have a pre-approval letter. Therefore you have two options that you can choose. The first option involves a simple credit check and financial review. As a result, to determine an estimate of how much money you can borrow.

The second option is an underwritten pre-approval. This involves a more thorough investigation of your financial capabilities. Therefore,this type of approval is looked upon more favorably by sellers than a fast pre-approval.  The underwritten pre-approval involves credit check,fraud review, and an evaluation.