Everyone dreams of owning a house. To achieve this dream, much time, effort and energy could be wasted when you rush around hunting for a home that is beyond your price range. Disappointment and frustration could be avoided if you take the time to determine your exact price range or the kind of home you can afford. Prequalifying can help you in determining this.
A pre-qualification is informal discussion between your lender and you. The lender will compute an estimate of the amount you could afford for home buying based only on the information of your income and assets.
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