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Heb richmond tx 77406 | Key takeaways A mortgage preapproval is a statement of how much money a lender is willing to let you borrow to pay for a home. First-time homebuyers are more likely to find that getting prequalified is helpful, especially when they are establishing their homebuying budget and want an idea of how much they might be able to borrow. Cons Lending is limited to fixed-rate, conventional mortgages. Learn more about home loans How loans are approved Today's mortgage rates Calculate your monthly mortgage payment. Methodology The star ratings on this page reflect each lender's overall star ratings. It can take several days or longer to get preapproved for a mortgage. |
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