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What are the steps in buying a home? Step Three

Step 3: Get a Pre-approval Letter

Before visiting a single home or open house, it’s worth it to get pre-approved for a home loan. A pre-approval letter tells you how much house you can afford and informs the house hunting process. Without this pre-approval, sellers will not take you seriously, and, today’s tight market, that could be the difference between getting your dream home and losing out.