Mortgage Pre-Approval

Most mortgage professionals will tell you that when looking for a house, you should begin by speaking with a lender first to secure a mortgage pre-approval. Pre-approval from your bank or credit union is a powerful tool when house hunting, and,it is easier to shop for a property when you know how much you have to spend.

A mortgage pre-approval is the process by which it is determined whether a borrower meets a particular lender’s guidelines for a home loan.

For a review of the Mortgage Pre-Approval process, check out this  article from The Mortgage Reports.

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