· Let’s take a closer look at why it’s a good idea to get a pre-approved before you start the house hunt. Pre-approval can help you resolve financial issues. First things first, let’s clarify a few things around pre-approvals. For one, a pre-approval is not the same as a pre-qualification.
· It is easy to assume that once you have pre-approval, all you have to do is find a home to buy, sign some papers, get your money and purchase your home. But occasionally, buyers are given a nasty surprise when they go to get the mortgage. Even though they were pre-approved, the lender declines to give them the loan.
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