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The Essential Guide to Mortgage Pre-Approval:

What It Is and Why It Matters

Mortgage Approval
In today's competitive housing market, being prepared is more important than ever. One of the most powerful tools in a homebuyer's arsenal is mortgage pre-approval. This crucial first step not only helps you understand your budget but also signals to sellers that you're a serious, qualified buyer. This guide will walk you through everything you need to know about mortgage pre-approval—from what it is to why it matters and how to get it.

What is Mortgage Pre-Approval?

Mortgage pre-approval is a preliminary evaluation by a lender that indicates how much you might be able to borrow for a home purchase. During this process, the lender reviews your financial…

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