An Overview of the Mortgage Refinancing Process A pre-approved mortgage will indicate to you the value of the home you may be eligible to afford, as well as the payments associated with various purchase prices. It can also guarantee your mortgage rate for certain period of time to protect you from possible rate increases. You are not obligated to the mortgage broker or the bank to whom you got the pre-approval for your mortgage. There is no cost associated with this either, so there are limited risks associated with getting a pre-approval. 3 Reasons You Might Want to Refinance Your Mortgage ...
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