Get Pre-Approved

A pre-approval is a commitment from a lender to give you a specific loan amount and mortgage type. It is wise to get pre-approved before going out to look for a home because knowing how much you can borrow may help you narrow your home search.

It may also give you more leverage when it comes time to negotiate a price and is generally well-accepted by sellers and their realtors.

Before applying for pre approval, you may also want to carefully assess how much money you can afford to spend on a home.

This can also save you time and effort during the homebuying process by allowing you to focus on homes that fit your price range.

To find out the cost of monthly payments on a particular home mortgage, use our suite of online mortgage calculators.