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You may have been told that it's important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important?
In today's market, with rising home prices and high buyer competition, it's crucial to have a clear understanding of your budget so you stand out to sellers as a serious homebuyer.
Being intentional and competitive are musts when buying a home right now. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan.
With limited housing inventory, there are many more buyers active in the market than there are sellers, and that's creating some serious competition.
According t...
