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Pre-qualifying for mortgage loans in order to shop around?

September 20th, 2009 Tim Leave a comment Go to comments
mortgage loans
ambrosialea asked:

Is pre-qualifying for a mortgage loan the way to compare loans? I am a first time home buyer and want to understand the best way to shop for a loan. Then if I chose a loan and wanted to get pre-approved, how long does it take to get approved before I can put a bid on a house?

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