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4/30/25 What Does the Home Appraisal Process Look Like? Previous What Are Closing Costs, and How Much Should I Budget? Next What Is an Escrow Account, and How Does It Work? You Might Also Like How Much Do I Need for a Down Payment? What Is an Escrow Account, and How Does It Work? What Should I Know About Interest Rates and Locking in a Rate? What is the First Step in Getting Pre-Approved for a Mortgage? What’s the Difference Between Pre-Approved and Pre-Qualified?