Mortgage

James Beers | Beers And Associates Real Estate | Las Vegas, NV Real Estate | 702-217-2254

What is the first step to buying a home? ­čĆí. Getting pre-approved! Ôťů . A mortgage preapproval is a conditional green light from a mortgage lender that youÔÇÖre eligible to borrow a certain amount of money for a home purchase­čĆí ­čĺ░ ­čöĹ Lenders share this information in writing, so youÔÇÖll often hear this referred to as a ÔÇťpreapproval letter.ÔÇŁ A preapproval is more involved and gives you a more accurate idea of what a lender will offer in terms of a loan amount and interest rate. It also illustrates to

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A mortgage is a debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments..

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