It best to know exactly what you are approved for prior to house shopping.
Benefit Two: Your rate will also be locked in for up to 90 days, depending on the lender. If rates go up, you are protected, if rates go down, you get the lower rate!
There are many benefits of being pre-approved. One of the biggest, since 90% of home buying is based on emotion, is avoiding the disappointment of falling in love with a home, only to find out that is not within your budget!
Are you pre-approved? Do you have a mortgage specialist? Click HERE if you are looking for one.