How to Apply For a First-Time Home Buyers Loan: Simplifying the Process Into 8 Doable Steps
HomeLight
AUGUST 16, 2021
Second mortgages : These are loans you can take out to subsidize the down payment in addition to taking out a principal mortgage. Get preapproved for a loan at this stage. Then, they’ll give you a conditional approval stating the amount of the mortgage you’ve been preapproved for (as well as a good idea of your rate).
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