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A mortgage pre-approval is a process that tells you how much you can borrow from a lender to buy a home. It also gives you an estimate of your monthly payments and interest rate.

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A mortgage pre-approval can help you in many ways:

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• It shows that you are a serious and qualified buyer who can afford the home you want.

• It helps you find a home that fits your budget and price range.

• It saves you time and hassle by avoiding bidding wars and rejected offers.

• It gives you confidence and peace of mind by knowing that you have a clear plan and a secure rate.