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When you’re ready to start looking for a new home, whether you’re “new” to it or not, you need to get pre-approved.  This pre-approval will help you determine what kind of home you should start looking for and the price range.  Your lender will probably reveal much more about your current status than you are aware of. 
Most people hold off on the pre-approval because it means that they are committing to buying a home.  If you are one of these people, do not be scared.  You are not committed to buying a house.  It is just a step that most REALTORS® recommend.  It’s nice to have all of your ducks in a row in case you do fall upon that “dream” home. 
With the pre-approval, you are saving yourself time.  You can avoid questioning your buying power.  You know what you can afford.  You know what you can offer.
When you make the call to your lender for your pre-approval, make sure you are prepared.  You should be able to provide them with the following:
1)      Name
2)      Address
3)      Social Security Number
4)      Date of Birth
5)      Employment and Income from past 2 years
6)      Current Income
7)      Assets for closing costs and down payment
When you take this step in the home-buying process, you have one less thing to worry about.
Good luck!

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  1. And with knowing your pre-approval amount you can narrow down your house search, a shame to look at a house, fall in love only to find out it isn't within your budget, that is heart breaking.
    Good post today, very good advice for those starting out.

  2. Very true. It's not easy finding that "dream" house. When you do, don't wait to find out if you can afford it.


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