The process for buying a home and applying for a mortgage.

US bank has a pretty concise video on

 

Step 1: Prequalification: Find out how much home you can afford.

Step 2: Preapproval: Once your documents are submitted, the lender will work on getting your loan approved.

Step 3: Final approval: After all documents are submitted, the subject property is chosen, and any outstanding conditions are met, your lender will be able to issue the final approval and close your loan.

 

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