Pre-Approval Prep: What Is Needed?
Almost all buyers take the step of getting a mortgage pre-approval before they begin to look for a home. It just makes good sense to focus on homes you know you can afford and for which you have a high likelihood of being approved for lending. Read on for a better idea of what is needed for your home loan pre-approval.
What is a Preapproval?
First, it's vital that buyers do not think the pre-approval is a guarantee of a home loan.