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Now that you know what you want, it's time to see
what you can afford. You can start by crunching the numbers
yourself using our selection of
financing.
When you're ready to move to the next step,
you can get
pre-approved for a mortgage. This process can often be
performed in under an hour and it accomplishes two important
goals. First, it will tell you how much house you can afford
and what your monthly payments would be. Second, it tells
the seller that you can afford to buy their home.
By definition, a pre-approved buyer has an
approved mortgage subject to an appraisal of the property.
Many times a buyer can use this pre-approved status as leverage
during the negotiation process.
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