Understanding Mortgage Pre-Approval

Getting pre-approved for a mortgage is an important step in the home buying process. It shows sellers that you're a serious buyer and can help you negotiate a better deal.

What is Mortgage Pre-Approval?

Mortgage pre-approval is a process where a lender reviews your financial information and determines how much you can borrow for a home purchase. 

How to Get Pre-Approved for a Mortgage

To get pre-approved for a mortgage, you'll need to provide the lender with the following information:

• Your income
• Your debts
• Your assets
• Your credit score

The lender will then review your information and determine how much you can borrow.

Tips for Getting Pre-Approved for a Mortgage

• Get your finances in order before you apply for a mortgage.
• Shop around for the best rates.
• Be prepared to provide additional documentation.

Getting pre-approved for a mortgage is a relatively simple process. By following these tips, you can increase your chances of getting approved for the best possible rate.

If you're thinking about buying a home, get pre-approved for a mortgage today.

To find an experienced and reliable real estate agent to help you buy your home, please call us at EWN | Real Broker - 816-410-8800 or email ewn@ewn-re.com.