Documents Needed for a Mortgage Preapproval: A Checklist - Boston, Hanover, Pembroke, MA

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Getting preapproved for a mortgage before you go home shopping isn’t required, but it is a good idea, especially in a seller’s market, where competition among buyers is intense. Unlike a prequalification, a preapproval letter lends weight to your bid on a home, proving to sellers that you have the financial clout to stand behind your offer.
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