A: There are many benefits to getting pre–approved for a mortgage, including:
- You’ll know how much you can afford.
- You’ll be more competitive in the housing market.
- You’ll save time and hassle during the homebuying process.
- You’ll be able to lock in a low interest rate.
Q: How do I get pre–approved for a mortgage?
A: To get pre–approved for a mortgage, you’ll need to submit a mortgage application to a lender. The application will ask for information about your income, assets, and debts. Once the lender has reviewed your application, they will issue you a pre–approval letter.
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