What do I need to get preapproved for a home loan?
Although pre-approval is not required before formally applying for a home loan, it does have a number of advantages. Simply put, a mortgage pre approval is a loan pre approval that confirms the amount of money your lender will provide you for your mortgage. Knowing your borrowing capacity will put you in the best position to make real estate offers that are within your budget. Continue reading to learn more about obtaining a home loan pre-approval.
