Debt-to-income ratio Home sale contingency Pre-approval Title search 
RIS Media
APRIL 8, 2022
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. Real Estate appraisals are usually completed when homes are bought via mortgage loans.
Redfin
MARCH 3, 2022
Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. It’s recommended to get pre-approved before house hunting to give yourself a realistic idea of how much home you can afford ; however, a mortgage pre-approval doesn’t guarantee that your loan application will be approved.
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