Why every home buyer needs a pre-approval before home shopping. » Mortgage Masters Group

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Buying a Home, Step One: Mortgage Pre-Approval First Time Home Buyer. April 11, 2017 | Posted by: Steve Dainard. Whether you’re looking to buy your first home in Niagara, or haven’t purchased a home in the past several years, you may be surprised to discover that searching your local real estate listings is not the best place to begin.

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Why every home buyer needs a pre-approval before home shopping. This group is called the National Association of Realtors® (NAR).. 2019 – 9 min read Before Making A 20% Mortgage Down.

A smart would-be homebuyer knows that you should get a mortgage pre-approval before you start shopping around for a new home. A really smart buyer knows that you shouldn’t necessarily plan on using the full amount you qualify for. Here are a few reasons why. Pre-Approvals 101

To help you through the process, we have compiled a handy home buyer checklist of all the things you need to know when shopping for a new house and mortgage. 1. determine Your Financial Limits The first thing you will need to do is determine is how much home you are able to afford.

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By starting your homebuyer’s journey with a pre-approved home loan, you’ll shop for a new home with a firm budget in mind. You’ll have a clear idea what your monthly payment will be, and that can save you from falling behind on payments after the purchase. Shop for a mortgage before you shop for a home

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The answer is simple, getting pre-approved for a mortgage! There are many buyers out there who don’t understand why it’s important to get a pre-approval. In fact, many of them believe they don’t need a mortgage pre-approval before looking at homes.