Making the Most of Your Preapproval Letter

Making the Most of Your Preapproval Letter

Getting a mortgage is often referred to as “the mortgage process,” with an emphasis on the “process” part. It’s not a one-and-done type of event (as much as we all want it to be), but getting preapproved can set you up for success. When you get preapproved you get a beautiful document called a preapproval letter, also known as your PAL. But before we get ahead of ourselves, let’s nail down the preapproval basics.

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