Pre-approval requires a more extensive look into your personal finances than pre-qualification, typically including a hard ...

Having a preapproval letter when you shop for homes also shows home sellers that you're a serious buyer, improving your chances of getting your offer accepted. What is mortgage preapproval?

Stretching your budget to buy a home you fall in love with is another first-time homebuyer mistake to avoid. With high home prices and mortgage rates, sticking close to your budget and not ...

this letter is based on unverified information.) Preapproval is a much more comprehensive process than prequalification. Mortgage preapproval is a lender's conditional commitment to offer you a ...