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A painless way to get started is to call the mortgage professional who did your last loan, or if you don’t remember who that was ask your buyer’s agent to recommend someone to you. The mortgage professional can pull your credit and let you know of any areas of concern. If there is no major cause for concern you can then continue on with a pre-approval. The loan officer will let you know the maximum loan amount you qualify for. Once you have had a chance to look at some potential homes with your buyer’s agent, make sure to shop your loan around. Some points to consider are how well your current mortgage program worked for you and remember rates aren’t everything. The lowest rate may be accompanied by high points. Consider whether the high upfront costs are worth it.
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