Mortgage loans in hyderabad | Loans Paradise

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Pre-approved or pre-qualification for mortgage
loans Which is more important?
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• Mortgage loans are secured loans. The surety
  given for the loan can be the house which the
  borrower is about to purchase or any other asset.
  There are lenders offering mortgage loans in
  Hyderabad giving pre-approved and pre-qualified
  letters, making the process much easier.

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• Pre-qualifying mortgage loan
• The pre-qualifying letter will only give the
  borrower an idea of how much of a loan they are
  qualified for.

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• It is based on the documents or information given
  to the lender, they will say if you are qualified
  or not.
• The amount given on the letter or at the time of
  inquiry is not the final amount, it will differ
  when the loan is approved.
• The financial status and other factors are not
  considered at this stage.
• No fees is charged for getting this letter

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• The interest rate charged is known beforehand,
  giving the borrower an idea of his overall
  payments.
• Few lenders charge a fee to get a pre-approved
  letter.

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• With either both of the letters in hand, the
  borrower can have some idea on the amount that he
  is qualified for.
• This will make it much easier to decide upon the
  house to buy.

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Email info_at_finfreeenterprises.com
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