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Don’t Confuse a Mortgage Preapproval With a Prequalification – Shopping for a mortgage became easier in early October when the consumer financial protection bureau began mandating that lenders provide a new, simplified disclosure form to help consumers compare.
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There's Value in a Mortgage Pre-Approval – FHA.com – Getting pre-approved gives you more credibility as a buyer, since a lender has. you are likely to qualify for a mortgage loan based on a preliminary assessment.. you can afford to offer on a home, and in doing so, narrow down your search.
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