: A pre-approval is an official lender document based on verified financial data like W-2s and credit scores, giving you a competitive edge in bidding.
: Lenders use this to determine how much you can borrow. Aim for a total monthly debt (including the new mortgage) that does not exceed 28–30% of your gross monthly income. things i should know before buying a house
Buying a house is likely the largest financial investment you will ever make. To ensure a successful purchase, you must look beyond the aesthetics and understand the full scope of financial and physical responsibilities involved. 1. Master Your Finances Before You Browse : A pre-approval is an official lender document
