What Are the Benefits of Loan Pre Approval?

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The home-buying process can be equal parts exhilarating and terrifying. So, how can would-be home buyers take some of the stress out of the process? If you're staring down a hefty mortgage, applying for loan pre approval can be a great first step. In fact, in some of the toughest real estate markets, a loan pre approval can be a great entry point. And, surprisingly, loan pre approvals are not that difficult to qualify for, so long as a person has a solid financial standing. So, what are the best benefits of loan pre approval? We're taking a closer look here.