Mortgage Pre-Approval

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Oftentimes, buyers begin their property search before they know how much they can afford and whether a bank will finance their purchase. However, it is best to get a bank pre-approval for a mortgage before one starts searching.

Sellers and their brokers will want to know that the buyer is qualified to purchase their apartment before they begin negotiations.

Pre-approval only takes one or two days to obtain, so it is best to do this step first.

 

THE NEXT STEP IS TO  DETERMINE THE TYPE OF PROPERTY TO BUY.