Unlike pre-qualification, a pre-approval requires verified documentation (pay stubs, tax returns) and is essential for making a serious offer. Phase 2: Building Your Team and House Hunting
Lenders use this to set your interest rates. A higher score can save you thousands over the life of the loan. starting the home buying process
Your lender performs a final check of your finances to officially approve the loan. it’s time to start the search.
Plan for an additional 2% to 5% of the purchase price for legal and administrative fees. starting the home buying process
Once you know what you can afford, it’s time to start the search.