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Next is the pre-approval stage, the place the lender supplies a conditional dedication for a mortgage quantity primarily based on thorough verification of economic paperwork, together with credit history, revenue, and debt-to-income ra

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n The period of the debt consolidation process can range primarily based on the lender and your specific mortgage application. Generally, it could take wherever from a couple of days to a number of weeks. Once approved, the lender will pay off your current debts, and you'll then begin making payments on the brand new consolidated mortg

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