What You Need To Know About Pre-Approval
Some Highlights
- Before you even start looking at homes, there’s something you should do first – and that’s get pre-approved for your mortgage.
- Pre-approval is when a lender checks your finances and decides how much you’re qualified to borrow for your home loan. This helps you determine your budget and makes your offer stand out for sellers.
- Connect with a trusted lender to get the process started.
Mortgage rates have been the monster under the bed for a while. Every time they tick up, people flinch and say, “Maybe I’ll wait.” But here’s the twist. Waiting for that perfect 5-point-something rate could end up haunting your wallet later.
A few years ago, inventory hit a record low. Just about anything sold – and fast. But now, there are far more homes on the market.
