The first step in the home buying process is typically to get pre-approved for a mortgage. This involves contacting a lender, such as a bank or mortgage company, and providing them with information about your income, assets, and credit history. The lender will then review this information and determine how much you can borrow and the interest rate you will be offered.
Getting pre-approved for a mortgage gives you a clear idea of your budget and what you can afford, it also shows the real estate agent and sellers that you are a serious buyer. This can make you more attractive to sellers and can also give you an edge over other buyers who haven’t been pre-approved.
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