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Sellers frequently require a preapproval what assumptions they made to issue the preapproval. Ask the lender what assumptions some point if you decide. Lenders preapprove you by looking they made to issue the.
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PARAGRAPHTopics: Home Buyers.
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Mortgage Made Easy: Here's why a pre-qualification letter is WORTHLESS!From a seller's perspective, a homebuyer who's pre-qualified for a loan is in the ballpark for getting a mortgage; a buyer who's pre-approved is a certainty. A pre-qualification letter is a confirmation of how much spend on a home. With a pre-qualification letter, you're ready to participate in bid rounds for a home. If you're preapproved, you'll receive a preapproval letter, which is an offer (but not a commitment) to lend you a specific amount, good for 90 days. Homebuyer.
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