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How to Beat a Contingent Offer on the House You Want

HomeLight

From getting pre-approved for your mortgage to offering flexible closing dates, these strategies are designed to put you in a stronger position. Get pre-approved for your mortgage loan Securing a mortgage pre-approval is perhaps the most important first step in making a compelling offer. Get Started 1.

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Answering Your Top Questions About Home Affordability Calculators

HomeLight

You may be wondering how affordability calculators work if you’re ready to get some numbers down on paper before showing up for a pre-qualification meeting with a lender. What’s the difference between pre-qualified and pre-approved ? How much are closing costs? Source: (Joshua Hoehne / Unsplash).

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Opinion: Is the lending market overcorrecting toward tech? Maybe

Housing Wire

If customers want digital experiences, who are we to deny them, especially when we can potentially trim a few costs, automate our deal flow and scale more quickly in the process? Yes, a customer should be able to fill out a pre-qualification application digitally. Customer acquisition costs go up. KPIs take a hit.

Lending 366
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Do You Have to Take Out a Mortgage From the Same Lender That Preapproved You?

RIS Media

Before you start looking for your next home, you should get pre-approved for a mortgage. You don’t necessarily have to borrow money to buy a home from the same lender that pre-approved you. What is Pre-approval and Why is It Important? Pre-approval and pre-qualification are not the same thing.

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Mortgage, Mortgage, Mortgage: What First-Time Home Buyers Need to Know

Realty Biz

Keep an eye out for associated fees and other costs that you may encounter. Documentation and the Pre-Approval Process Pre-approval is a must for anyone looking to purchase a home. Be sure to have all of your documentation in order and ready to go before starting the pre-approval process.

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Zillow: How Your Buyers Can Score Their Dream Home

RIS Media

Evaluate your current credit situation and make a game plan to clean up your credit score, if needed, prior to starting the pre-approval process.” Have your buyers speak with different lenders to get the lowest possible rate, and have them ask questions about interest rate, down payment amount and estimated closing costs.

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Mastering Mortgage Basics: 10 Key Concepts Every Homebuyer Should Know

Redfin

Government-backed loans, such as FHA or VA loans, provide more flexible qualification criteria and specific benefits. How does the mortgage pre-approval process work? Mortgage pre-approval is a crucial step in the homebuying process. What are closing costs?