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Loan preapproval saves money for homebuyers


STAFF REPORT
Published: Monday, August 25, 2008
Updated: Monday, August 25, 2008 4:26 AM EDT
If you are in the market for a new home, before you begin house hunting, get preapproved for a mortgage. Sellers will give more consideration to a lower bid that is already preapproved by the bank than a higher bid without definite financial backing.




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