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How Long Does It Take to Get Preapproved for a Mortgage? Here’s Your Ballpark Guide!

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When you apply for underwritten preapproval, you’ll also need to submit documentation for the information that you entered in the prequalification stage, and this documentation differs depending on your employment status and the loan type you are applying for. Retirement or brokerage account statements. Underwritten preapproval.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

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Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership. A title search helps create that chain and is usually conducted by a lawyer or title company.