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Authentic estate experts tell first-time residence buyers that it's critical to apply for a loan before shopping for a household, and it's true; this is an vital very first step. But do you know that it is far better to be preapproved for a loan than to become prequalified? There are additional advantages to gaining preapproval than you would initially surmise. When the lender hands a borrower a preapproval letter, it means the borrower can:

* Save Time by Seeking at the Correct Households

 

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