Gaining a mortgage preapproval is a huge advantage when you buy a house, as it makes your offer attractive to sellers since you're giving them a good assurance the deal won't fall through. It also means you're eligible for a specific loan amount, whereas "prequalified" merely says you have a chance to get the loan. But what requirements should you prepare for the preapproval process? Reasons to Continue Reading about Facts About Mortgage Preapproval When You Buy a House
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Understanding Land Surveys when You Sell or Buy a House
A land survey is important when you sell or buy a house. It helps you know the full features of the land where a house stands. Think of the land type, size, and even the presence of underground utility lines, among other details. Knowing these things is important for moving forward in a real estate transaction. First, lenders require such surveys for a buyer to get a mortgage and second, the Continue Reading about Understanding Land Surveys when You Sell or Buy a House
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