When getting pre-approved, you may choose to visit with your lender directly, or you may contact a trusted mortgage broker. If you’re not sure if you’re ready to invest, you may want to consider sitting down with a broker before embarking on the pre-approval process.
When you make the decision to apply for a loan, avoid applying for multiple loans. Each application requires a credit check, which can send a red flag to the lender when they learn that you have applied for multiple loans.
3 easy tips to follow:
- First, discover whether or not you can qualify for a loan
- Double check your credit rating
- You may have to consider paying off some debt or reducing your credit card limit