Why Pre-Approval is More Important Than Ever This Spring

Buying a home is exciting! But before you start looking at houses, you need pre-approval. This step helps you know how much money you can borrow from a lender.

What is Pre-Approval?

Pre-approval is when a bank checks your income, credit score, and debts. If everything looks good, they give you a letter showing how much you can spend on a home.

Why is Pre-Approval Important?

  • Stronger Offers: Sellers take you seriously when you have a pre-approval letter.
  • Faster Process: Pre-approval speeds up the buying process.
  • Better Budgeting: You won’t look at homes you can’t afford.

Common Questions

Q: Can I buy a home without pre-approval?
A: Yes, but it’s harder. Many sellers won’t accept offers without it.

Q: Does pre-approval mean I will get a loan?
A: Not always. You still need to complete the process, but it’s a strong first step.

Q: How long does pre-approval last?
A: Usually 60–90 days. If it expires, you may need to apply again.

Final Tip

Get pre-approved before house hunting. It makes the process easier and helps you stand out!

Read the full article here: Why Pre-Approval Is More Important Than Ever.

Location: Chicago, IL, USA

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