Buying Secret # 9: Get Pre-Approved for Your Home Loan
There’s a big difference between a buyer being pre-qualified and a buyer who has a pre-approved mortgage.
Anybody can get pre-qualified for a loan.
Getting pre-approved means a lender has looked at all of your financial information and they’ve let you know how much you can afford and how much they will lend you.
Being pre-approved will save you a lot of time and energy so you are not running around looking at houses you can't afford.