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The Power of MoneyFinancing a home can be one of the most expensive, and complicated, parts of a home purchase. There are points, APR, fixed-rate loans, adjustable loans, balloon loans, reverse loans, and combinations of all the above. For loan approval one must show income, down payment, job, shoe size—well, you get the point. We strongly recommend buyers have a pre-approved loan in place before looking at homes. In today's real estate market, many sellers won't even look at an offer which is contingent on loan approval. Also, it is very important to use a local mortgage broker, especially when buying a second home. For referrals to local lenders, give us a call. |
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