Real Estate Blog

Looking to become a homeowner & get a mortgage ?

Getting pre-approved involves the following:

1. Gather financial information: Collect your most recent pay stubs, bank statements, tax returns, & other financial documents that show your income, expenses & assets. 

2. Choose a lender: Research different lenders, compare interest rates, & loan terms, & choose one that fits your needs & budget/

3. Complete loan application: Provide the lender with your financial information, including your employment history, credit score, & debt-to-income ratio. 

4. Submit supporting documentation: Your lender will need to verify your financial information, so be prepared to provide proof of income, employment, & assets. 

5. Get Pre-approved: The lender will review your loan application & supporting documents & determine whether you are eligible for a mortgage & how much you can afford to borrow. 

6. Receive a pre-approval letter: Once you are pre-approved, the lender will be able to provide you with a letter that states the loan amount you have been approved for & the terms of the mortgage. 

7. Start house hunting. Use your pre-approval letter to start shopping for homes that are within your budget.