Pre-Approval

The first step in buying a home is to get pre-approved first, then you can house shop. The first thing you should do once you decide you want to buy a house is to get pre-approval.
It’s something you have to do, but how long does it take? If it’s so important, surely it must take a while.

If you are asking this question, you are likely getting more serious about home ownership. Maybe you are tired of renting or you want an upgrade. You want something that allows you to gain equity and be more stable financially.

It can be hard to have perfect credit and great finances, and many folks wonder if they can get approved for a mortgage.
Three things will increase your approval chances: credit score, income and debts, and your assets. If you are good in all three of these categories, you are more likely to get approved for a mortgage.

If you’re in the process of buying a new home, you’ve probably heard the mortgage terms “pre-qualification” and “pre-approval” tossed around. But what’s the difference? And which one should you get? In this blog post, we’ll break it down for you and help you decide which is right for you.