Monday, 2 May 2011

Mortgage Pre-Approval

Advantage of Mortgage pre-approval

Mortgage pre-approval not only helps Home Buyers understand the financial limit, but can also give an advantage over other buyers not pre-approved.

Getting pre-approved by a Bank before shopping for a home helps Home Buyers in two ways.

First, Mortgage Pre-Approval helps home buyer narrow down the homes under consideration because it tells  How much house they  can afford.

Second, pre-approval can give Home Buyer a leg up over other buyers after finding a home. Sellers are more likely to accept offers from Houes buyers who they know have financing secured, because the sale is more likely to close.

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