Running head: REAL ESTATEReal EstateNameCourseTutorDateREAL ESTATE2Real EstateBuying a home sounds like an easy thing to do. However, there are a lot of compleximplications as well as considerations that must be taken into account while buying a home. Inaddition to this, the entire process requires a lot of time as well as effort and dedication. Peoplewho intend to buy homes start planning as early as one or two years before making the deal. Thispiece is going to look at the important types of mortgages that are available as well as therecommendations of the best ones to follow. These steps include getting prequalified andpreapproved for credit for your mortgage, finding the right real estate agent, shopping for yourhome and making an offer, getting a home inspection, working with a mortgage in order to selectyour loan, having a home appraisal, coordinating the process of paperwork, and finally closingthe sale. Before looking at the different types of mortgages, it is important to understand thisparticular step of prequalification and preapproval for credit for your mortgage.Prior to starting to scout for a home, it is important for an individual to know how muchthey can actually spend. This is where prequalification comes in since it is the best way that aperson can use to know how much they can spend on a mortgage. The process of prequalificationmay sound complex but in the actual sense, it is not. In order to go through this process, anindividu ...
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