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Youll need to know your principal mortgage amount annual or monthly interest rate and loan term. Mortgage pre-qualification does not guarantee that you will get a mortgage.
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Mortgage pre-qualification is a written statement from a lender stating the loan amount you would qualify for according to that lenders guidelines.
. You can calculate a monthly mortgage payment by hand but its easier to use an online calculator. The determination and loan amount are based on your self-reported income and credit information.
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