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Getting Pre-Qualified
Once all financial matters are in order and you've examined your credit record, pay a visit to a lender or mortgage company, savings and loan, bank or credit union. Lenders can translate the results into a manageable amount and determine the types of mortgages that are right for you.

This prequalifying meeting should be free of charge, and you are not obligated to use the first lender. When you are ready to negotiate a loan, talk with several lenders. Bring tax returns, salary stubs and other financial data to the meeting, along with your calculated net worth and monthly cash-flow assessments.

Receiving pre-qualification or pre-approval from a reputable lender strengthens your negotiating position. It shows agents and sellers you are serious.