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TERMINOLOGY
With home prices at an all time low and nowhere else to go but up, it's a great time to buy a home. Before you go out looking at homes though, you need to get yourself a mortgage preapproval. Getting a mortgage preapproval gives you the advantage of knowing exactly how much home you can afford. In addition, it's the first thing that real estate agents look for before they will take you house-hunting.
Things You'll Need:
- last two years' tax returns
- most current paystub
- last three months' bank statements
- most current 401k statement
- most current stocks/bonds statements
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