How important is it to get pre approved for a home loan? The outcome of getting a home loan pre approval is receiving a pre-approval letter. This letter is the golden ticket that allows you to be seriously considered by a seller to purchase their home. Without one, your chances of winning the bid on a home with multiple offers is slim to none. Therefore, it’s good to know the process of how to get pre approved for a home loan and other answers to commonly asked questions about mortgage pre-approval.
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