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Mortgage Calculator
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In looking for a house, the smartest thing you can do is to suffer through a 30 minute phone conversation with a "good" lender to get a ball park idea of where you should be on the price scale in your search.
If you plan to purchase within 6-8 weeks, it then also is wise to go through the entire written application process, and have, in hand, a lender's pre-qualification letter.
What this means is that you have been qualified (paperwork done) to purchase up to a certain price home. When you find a home within that range, the only thing that remains is the appraisal of the home and your mortgage. What a great negotiation tool when the "right" house is found!
I've included the names of a few good mortgage companies for you to start with:
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TIP: If you are just beginning to consider a move, NOW is the time to request a copy of your credit report. This leaves you time to "clean-up" any surprises or mistakes on the report before it is accessed by a lender. Click on http://www.annualcreditreport.com.
