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View NeighborhoodsOnce you have decided to purchase a home, you should do a financial inventory. Determine your ability to secure a mortgage, and identify any problem areas if they exist. By assuring that your finances are in order, you enhance your ability to secure a mortgage at a favorable rate.
Most home buyers know they should get a mortgage pre-approval letter from a lender before they begin seriously shopping for a home. But the reasons for this advice aren't always clear, and buyers sometimes are dismayed by the amount of paperwork involved. Here is some of the reasoning behind the advice.
Buying a home can be a complicated process, especially if this is your first home. One of the most confusing and important aspects is the costs of buying a new home. How do you determine what you can afford? If you’re working with a REALTOR®, he or she can guide you through this step. Determining how much you can afford to buy depends on three factors.