The pre-approval process involves a potential lender or bank reviewing an individual's finances, including their income, assets, and credit history, to determine how much money can likely be borrowed.
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Home equity line of credit (also referred to as a HELOC) is a second mortgage that allows a homeowner to borrow money against their home's value.
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An exclusive listing is when a seller commits to working with one specific broker and a designated agent on the sale of a property.
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