What it Means to be ‘Pre-Approved’ for a Mortgage MABA Massachusetts RealEstate FirstTimeHomeBuyers

 Close your eyes. Take a deep breath in. Now, exhale. Visualize you are standing inside of a house. Look around. What do you see? Hardwood floors? Tin ceilings? A spiral staircase? In my recurring daydreams, I often imagine my favorite elements in homes and piecemeal assemble the perfect house in my mind. Visions of curved archways, crystal doorknobs, and french windows drift through my mindscape. Though we all may daydream about the perfect house from time to time, those idle fantasies do not often include the nitty-gritty details of the essential processes every home buyer must undergo.

A first-time buyer may assume the initial step to obtaining a home is attending open houses or endlessly scrolling through online listings. However, your first stop should actually be to a lender’s office.  If you are serious about purchasing a home and want sellers to know it, then it is crucial to begin your search by obtaining a pre-approval for a mortgage from a reliable lender.

What is Pre-Approval for a Mortgage?

Simply stated, a pre-approval for a mortgage means that lenders have assessed your financial situation and have provided a rough estimate as to your price range. This is based on the amount of……..

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FIRST TIME HOMEBUYERS