Recently, my husband and I found our dream home and after being
pre-approved by our mortgage lender, we were shocked to find that our credit score had unexpectedly and drastically dropped.
Getting
pre-approved by a mortgage lender is a worthwhile process.
I recommend that you start shopping for a house after getting
pre-approved by a mortgage lender, which occurs during step # 6.
If you've been
pre-approved by a mortgage lender, they probably gave you a maximum loan amount.
When you get
pre-approved by a mortgage lender, they will start gathering a variety of financial documents.
Not exact matches
Home buyers using
mortgage loans can benefit from being
pre-approved by a
lender, before entering the market.
Before you can apply for a
mortgage, you will first need to be
pre-approved by a
lender which can take weeks or months.
In most cases, before you even look for a home, you'll need to be
pre-approved for a
mortgage by a
lender which can take from weeks to months.
If you are actively searching for a home and want to present a strong offer backed
by a reputable
lender, consider getting
pre-approved for a
mortgage.
Those planning to use
mortgage loan to finance their purchase could benefit from getting
pre-approved by a
lender, before starting the house - hunting process.