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ColdwellHomes.com
HOMEBUYING BASICS
Getting
Pre-approved
A lender will lend you money if they are sure your
credit is strong and if they are confident you can
pay them back.
To determine if you’re a good candidate for a
loan, they look at your credit score and study your
financial history, income, federal tax returns and
long-term debt such as credit cards, auto loans,
child support, etc. If your credit looks good, you
have an excellent chance of obtaining a mortgage.
A lender will you
money if your credit
is good and they are
confident you can pay
them back.
Getting pre-approved for a
mortgage is an important first
step when buying a home.
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