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Welcome to your Financial Fitness Minute.

You to look seriously at a home purchase, you’ll need a guarantee of financing, known as a preapproval letter when it’s time for. This tells you how much you are able to borrow, which can only help slim straight down what you could purchase. When you begin making provides, getting your preapproval in position allows the vendor know you’re serious. So that you can qualify to obtain the preapproval page from your own loan provider, you’ll need certainly to be eligible for the home loan, which calls for three major things.

First is just a credit score that is good.

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