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Preparing to Get Pre-Approved For a Mortgage

Realty Biz

Mortgage pre-approval is an essential step when buying a house. During pre-approval, lenders carefully evaluate your financial information, including income, assets, credit history, and other relevant details. How long it takes for lenders to give mortgage pre-approval can vary from a day to a week.

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It’s Important to Get Your Mortgage Pre-approval Updated in Any Real Estate Market, but Especially This One

Lighter Side of Real Estate

If you’ve been searching for a house for any amount of time, you’re probably well aware of how important it is to get a mortgage pre-approval before you even start looking at houses, or at least as early on in the process as possible. When Should You Update Your Pre-approval? Pre-approvals aren’t good forever.

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Vishal Garg unveils Better’s new strategy as a publicly traded company 

Housing Wire

Following a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp , Better Home & Financing Co. Flávia Nunes: Better took nearly two years to go public, with Aurora’s shareholders’ merger approval extended three times. In that time, the market, the industry and the consumer changed dramatically.

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Mortgages with Low Credit Scores - Your Guide to Affordable Home Financing

Realty Biz

Let's delve deeper into these topics to guide you towards an affordable home financing solution. They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval. For example, you can get approved for an FHA loan with very low credit scores.

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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

A lot of the rules have relaxed over the past several years, but people always tend to remember the negative things so that is what has spread throughout the industry.”. We work hard to get our buyer approved at the lowest rate and if they have credit problems we will put them in touch with the right people to get their credit restored.

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Can You Put an Offer on a House That’s Contingent?

RIS Media

Finances falling through. Since most homes are financed, and financing isn’t guaranteed until a buyer has signed the dotted line, failure to secure funds can put a home back up for sale. While financing may be pre-approved, the process is complex. Other factors can also put a home back on the market.

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Am I A First-Time Homebuyer? Who’s Qualified … And Who Isn’t

HomeLight

USDA Rural Development loans also allow for 100% financing (or 0% down). You may have a preapproval, but a preapproval does not guarantee formal loan approval. For example, pre-pandemic, an FHA loan could be secured with 3.5% It might also be a good idea to go through a pre-underwriting with a lender.