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For most homebuyers, finding a home to buy is only half of the process. The next hurdle is finding the right financing. There are a number of different products available in today's mortgage market. You should contact different lenders to find out what products are available to you and the respective costs of those products. It is a good idea to get pre-qualified for a loan prior to beginning to look for a home. Pre-qualification lets you know how much house you can afford. Additionally, some home sellers may require a pre-qualification letter from a lender within a couple of days of acceptance of the offer.
If you are relying on financing to purchase a property, you should have an attorney draft a financing contingency to your offer to purchase.
The Mortgage Banker's Association of America provides a clear guide to the mortgage process that is available at http://www.homeloanlearningcenter.com/
Additionally, Fannie Mae, provides financial products and services that make it possible for low, moderate and middle income families to buy homes of their own.
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