What Is A Mortgage Pre-Approval?

Certified Mortgage Advisor
NMLS 1701021
Published 
December 6, 2018

Mortgage pre-approval and how it works

Buying a home is exciting. But before you start shopping, consider getting a mortgage preapproval, not only does it show that you're a serious buyer and qualified to purchase a home, it'll also speed up the loan process once you intend to buy.

How to qualify?

During your preapproval, we'll evaluate your financial health and your ability to qualify for a home mortgage loan. We'll review things such as your debt-to-income ratio, your down payment, your credit score, and more to help you find the best available program for your needs.

Talk with a loan officer
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Only for educational usage. All calculations should be verified independently. Win The House You Love LLC is not a lender, does not issue loan qualifications, and does not extend credit of any kind. This is not an offer to lend and should not be used to make decisions on home offers, purchasing decisions, nor loan selections. Not guaranteed to provide accurate results, imply lending terms, qualification amounts, nor real estate advice. Seek counsel from a licensed real estate agent, loan originator, financial planner, accountant, and/or attorney for real estate and/or financial advice. Read the full disclaimer here.