How to Get Pre-Approved (and Why It Matters)

How to Get Pre-Approved (and Why It Matters)
Opening question: What does mortgage pre-approval really mean, and why should it be your first step?
 Snippet answer: Pre-approval tells sellers you’re serious, helps you shop with confidence, and speeds up the buying process.

1. What’s the difference?
Pre-qualification = estimate based on self-reported info.


Pre-approval = verified credit, income, and documents.


2. What do you need?
ID, Social Security number, pay stubs, bank statements, tax returns, debt info.


Your lender will review everything to determine what you can borrow.


3. Why it matters
Shows sellers you’re financially ready.


Helps you understand what you can afford before falling in love with a home.


Speeds up the offer and closing process.


4. Smart tips
Check your credit report first.


Don’t open new credit or make large purchases during the process.


Shop rates from multiple lenders to get the best terms.


Final takeaway
Pre-approval isn’t just paperwork, it’s your ticket to becoming a serious buyer. Get it done early, and you’ll move faster (and smarter) in today’s market.