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About Purchasing a Home - Get qualified for a home loan before you look for a house, condo, or co-op. That will give you some idea of whether you can afford to purchase a home and, if you can, at what price.
Make certain you contact at least three lenders, including your primary financial institution. This will help ensure that you get the least expensive loan for which you can qualify. Be especially skeptical of uninvited loan offers you receive through the mail, by telephone, or at your doorstep.
In looking for a home, most home buyers find that it is helpful to work with a real estate agent. Consider using an agent that will work solely for you as a buyer representative.
For additional information and advice, consult the Fannie Mae Foundation's home buying guide by calling (800) 611-9566 or by finding it on-line at www.homebuyingguide.org. The homeownership page of the AmericaSaves website lists additional sources of information and assistance.
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