Part 2: Mortgage Preapprovals
If you read our previous blog post on mortgage preapprovals, you already know how important it is to have one before you start looking for a home.
A mortgage preapproval lets you know how much house you can afford, makes putting offers in more competitive and also locks in interest rates for a set period of time. Now that you know how important a preapproval is, it’s time to think about what documents and information you will need to gather before actually getting a preapproval.
What You Need to Get Pre-Approved for a Mortgage:
- Photo ID – this one is pretty obvious, but it’s essential to have official photo identification when applying for a mortgage preapproval.
- Proof of income – usually in the form of pay…
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