Tip - Buying A Home: Get Preapproved For A Loan | Investopedia

By Amy FontinelleYou know how much you can afford, but what does the bank think? It may be willing to lend you an amount that could get you into trouble financially; on the other hand, it may not be willing to lend you as much as you would like.The reason you need to know what the bank will let you borrow before you start shopping for a house is that real estate agents won't waste their time showing houses to buyers who might not be able to come through with the financing.
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