For many of us, buying a home represents one of the biggest financial transactions we’ll ever make. While the home buying process might seem intimidating, there are some simple steps that make it easier. One of the most important steps is what’s known as pre-approval.
If you want to show sellers you're seriously interested in buying their home, getting mortgage pre-approval is a critical first step. It proves that, after digging through your financials, a lender is willing to give you money to buy a house.