Wondering when to start the preapproval process? It’s never too early! The sooner, the better! Here’s why:
Preapproval is when a lender reviews your finances and provides a letter stating how much they’re willing to lend you for a home. It’s a valuable tool that helps you:
💰 Narrow down your search to affordable homes
🏠 Be a competitive buyer in a seller’s market
To get pre-approved, gather financial documents like:
💼 Proof of income
💰 Bank statements
📊 Tax returns
The lender will assess your information to determine how much they’ll lend and the terms offered.
⏰ Don’t wait! Start the preapproval process early and get a head start on your home-buying journey. Reach out for more info or a recommended lender list!