You’ve heard it time and time again: “Make sure you get your mortgage pre-approved.” But what exactly is a mortgage pre-approval and why do you need one? Do you even need one?
Getting a mortgage pre-approved before you search for a home is an important step that many would-be homebuyers skip. By not skipping, you can get a leg up on the competition and know how much you can afford to pay for a home. [Read more…]