How Home Loan Pre-Approvals Give Buyers the Advantage

A woman showing a couple the inside of a house

Mortgage pre-approvals give buyers the advantage when negotiating with sellers. The housing market is more competitive than ever, and bidding wars are a new hurdle in many transactions. Plus, mortgage guidelines have tightened. Lenders are increasing documentation requirements and following these more closely. A pre-approval gets you through much of the loan process and uncovers…

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