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What is the first step in the home-buying process? |
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Without knowing where the funds for the house purchase will come from you will not be able to buy a property. So first you will have to determine what price range of house you will be able to finance. If you are a cash buyer you will already know what you can spend. If you want or need financing now is the time to go through the process of finding out what a lender is able and willing to lend you .
Together with your own funds this will determine the top range of property you are able to buy at this point. Try to get pre-approved for a mortgage before you get to the point of making an offer. It will save you time and best of all it has a good chance of saving you thousands of dollars. |
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