What is Pre-Approval?
Pre-approval gives you a clearer idea of what you could borrow before you start house hunting.
It involves a lender reviewing your financial circumstances—like income, expenses, and credit history—to assess what loan amount may be suitable for you.
Why it matters:
- It gives you a price range so you can focus your search
- It shows sellers you’re serious
- It helps streamline the process once you find the right place
It’s important to remember that pre-approval isn’t a guarantee, but it’s a helpful step if you're preparing to buy.
If you’d like to explore how pre-approval fits into your plans message us to learn more..