The Importance of Mortgage Pre-Approval

Getting pre-approved for a mortgage is basically the bank saying yes before you even find a

house. You submit your income, credit score, and debt information,

and they tell you exactly how much they'll lend you. Here's why it's absolutely crucial.

First, you know your budget, so you're not wasting time looking at houses you can't

afford. Second, sellers take you seriously. When you make an

offer with a pre-approval letter, they know you're legitimate and can actually close the

deal. Third, it locks in your interest rate for up to 120 days,

protecting you if rates go up while you're house hunting. Without pre-approval, you might find your