Guides ยท Finance
Mortgage Preapproval Steps
Get ready to buy a home
Mortgage preapproval requires income docs, credit review, and debt evaluation to determine borrowing capacity, giving stronger offers and clarity on budget before home shopping.
- credit score
- income docs
- dtir
- rates
- offer
Gather Docs
Provide pay stubs, W-2s, tax returns, and asset statements.
Check Credit
Review scores and clean errors; manage debts to improve DTI.
Compare Lenders
Shop rates, terms, and fees; understand preapproval letters and limits.