The Power of Pre-Approval
Channel: Darren Dowling - Best Realtor in Sarasota
Date: 2023-05-18

The Power of Pre-Approval

Freddie Mac explains it like this:
“A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. . . . Keep in mind that the loan amount in the pre-approval letter is the lender’s maximum offer. Ultimately, you should only borrow an amount you are comfortable repaying.”

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