mortgage preapproval

In today's fast-paced housing markets in the Pacific Northwest and beyond, timing is everything. Home buyers who are pre-approved for a mortgage before they begin house hunting are in a better position to act quickly when they find the right home. Armed with a pre-approval letter in hand, home buyers can focus on homes within their price range, strengthen their offer when they find the right home, lock in an interest rate, and give buyers a competitive edge in hot markets. Whether you’re buying your first home or looking to buy again, here’s what you need to know about mortgage pre-approvals and how they can boost your buying power.'

Many home buyers in Washington get pre-approved for a mortgage loan prior to starting their housing search. This process helps you focus your search within a specific price range, while making your offer more attractive to the seller. This guide addresses a common question relating to mortgage pre-approval: Can I get pre-approved by multiple lenders at the same time?'

When you're serious about making a real estate purchase, get pre-approved. It gives you leverage when it comes to finding a home and getting the best deal.'

Summary: It’s always advised for buyers to get pre-approved for a mortgage before they apply for one. But some buyers may assume that pre-approval is the same as pre-qualification, but it’s not. We’ll explain more in this article. Are you…'

When you’re looking to apply for your first home loan, it may seem like there’s an endless stack of paperwork needed for mortgage pre-approval. You can actually get the ball rolling with just a few documents'