What Is a Pre-Approval and Why It Matters Before You House Hunt
If you’re getting ready to house hunt, one of the smartest first moves you can make isn’t touring open houses — it’s talking to a lender. A mortgage pre-approval tells you, in writing, roughly how much a lender is willing to lend you, based on your income, debts, credit history, and down payment. It’s not a guarantee of final financing, but it gives you a realistic number to work with before you fall in love…