MORTGAGE ANSWERS
How Mortgage Pre-Approval Works
Pre-approval helps you understand a possible budget and strengthens a purchase conversation before you pick a home.
What to know.
A lender may review income, assets, credit, debts and your target price. A pre-approval can carry conditions and is not a final loan approval. When you have an address and contract, property review and underwriting continue.
Talk through your own numbers.
Ask John to discuss payment comfort, expected cash to close and what could change the approval.
TALK THROUGH YOUR SCENARIO
Start with a conversation.
Tell John what you want to accomplish. He’ll help you sort through the options and next steps.