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How to Get Preapproved for a Mortgage – “A prequalification is just a quick snapshot of where the borrower’s finances are, with basically some verbal information that they are providing,” says Paul Wendland, vice president of mortgage.
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Just bear in mind that this loan prequalification calculator is in no way a guarantee. It is, however, a good starting point in figuring out if you can get pre-approval for a home loan.
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