💰 Your Guide to Mortgage Pre-Approval

Buying a home? Pre-approval is the key to starting with confidence. Here’s why it matters and how to get started:

What is Pre-Approval?
It’s when a lender reviews your finances to determine how much you can borrow. Unlike pre-qualification, pre-approval involves verifying your income, credit score, and debt—and gives you a written loan estimate.

Why It’s Crucial:

• Shows sellers you’re serious.
• Helps you budget wisely.
• Locks in potential interest rates.
• Speeds up the process when you find your dream home.

How to Get Pre-Approved:

• Check Your Credit Score: Aim for a strong score to secure better rates and increase your credit score easily here.
• Review Your Finances: Calculate your debt-to-income ratio and assess savings for a down payment.
• Gather Documents: Prepare pay stubs, tax returns, and bank statements.
• Choose a Lender: Compare rates and reviews to find the right fit.
• Submit Your Application: Provide accurate details and follow up promptly.

Avoid These Mistakes:

• Applying for new credit.
• Making large purchases.
• Failing to disclose all debts.

Once pre-approved, you’ll know exactly what you can afford and have a competitive edge in the housing market.

Ready to get started? Explore our mortgage calculator and free credit check to kick off the process! Make your dream home a reality—one step at a time.

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