Getting pre-approved is a crucial part of buying a home because it helps you know how much money you can spend. It’s like a checkup for your finances that can give you an advantage when you’re looking for a house. It also shows sellers that you’re serious about buying and that you have the money to do it.

Here’s how it works: The lender looks at your income, expenses, credit history, and overall financial situation to see if you can handle a loan. But remember, pre-approval is not the same as pre-qualification.

Pre-qualification is a quick look at your finances, while pre-approval is a more detailed check.

 However, being pre-approved doesn’t mean you’re guaranteed to get the loan. The lender still needs to check your property and do more checks. If you have any questions or want more info about pre-approval, feel free to call Gary Hundal Mortgages anytime.