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Getting pre-approved for a mortgage is an exciting step toward buying a home. But there's an important question I encourage buyers to ask before they begin house hunting:
If you're approved for a $500,000 home, does that mean you should spend $500,000?
Not necessarily.
The amount a lender is willing to approve and the amount you're comfortable spending each month can be two very different numbers.
If you're thinking about buying a home in Baldwin County, Alabama, here's what I recommend considering before deciding on your home-search price range.
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