Can I apply for a purchase loan before I find a property?
posted by Bankruptcy Home Loans @ 1/19/2006
Thursday, January 19, 2006
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1 Comments:
Yes! It is usually recommended that you apply for pre-approval. A pre-approval will check your financial situation to determine if you qualify based on the estimated loan amount and purchase price information that you provide in your application. A pre-approval gives you more flexibility and leverage while you search for your new home. But. remember, your rate cannot be locked until you provide the lender with an address.
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