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To prequalify or be conditionally approved for a mortgage is the easiest way to know how much you can borrow towards your purchase. A prequalification gives you an idea of how much you can borrow based on your income, credit, employment and assets. All home lending products are subject to credit and property approval.
Find a Home
Once prequalified and conditionally approved you can start looking for your dream home based on the amount you can borrow towards your new purchase. When your offer is accepted by a seller and a contract is executed by both buyer and seller you will then enter into a contract and escrow.