How do I get pre-approved for a mortgage and when should I do it?

Getting pre-approved means a lender reviews your income, assets, credit, and debts, then issues a letter stating how much they're willing to lend you. You should do this before you start seriously looking at homes. A pre-approval letter shows sellers you're a qualified buyer, which is essential in any competitive situation. The process usually takes a few days and requires pay stubs, tax returns, bank statements, and permission to pull your credit. Pre-approval is different from pre-qualification, which is just an estimate. Rates and loan programs change, so it's smart to connect with a lender early. The specifics depend on your situation and a licensed lender should confirm what you qualify for. Jon can connect you with one.

Specifics depend on your situation and should be confirmed with a licensed lender. Jon can connect you with one: text (623) 826-0888.