How Mortgage Pre-Approval Works

 Mortgage pre-approval confirms how much a lender is willing to loan based on income, credit, and debt. 

•  Lender reviews income and assets 
• Credit is checked 
• Debt-to-income ratio is calculated 
• A price range is issued

•  It does not lock your interest rate 
• It does not guarantee final loan approval

•  Avoid new debt 
• Don’t change jobs mid-process 
• Keep documentation accessible

 Does pre-approval hurt my credit?
It may cause a small, temporary dip.

Can I switch lenders later?
Yes, but timing matters.

 First Step Buying

Appraisal vs Inspection