Get Pre-Approval on Your Mortgage Application

Pre-approved loans are the way to go in today's real estate market.
hgPG-2023231-HmBuy_loans_H

hgPG-2023231-HmBuy_loans_H

You’ve played with the many tools and calculators available. You have a sense of what you can afford and what different mortgages have to offer.

Now it’s time for you to get pre-approved.

Pre-approved means a lender has looked at your financial information and agreed to lend up to a specific, maximum mortgage amount. The lender gives you a written commitment you can show to real estate agents and home sellers. It’s proof you can afford to buy a home. Approach several lenders or consider using a mortgage broker to compare offers and interest rates.

Once you have a pre-approval, you can make offers with confidence. You'll have more leverage in the negotiating process and home sellers will take you seriously.

Next Up

Bridging the Gap Between Mortgages

You have options if your house hasn't sold and you've already found a new home. Getting a short-term loan — or bridge loan — will ease the financial strain of having two mortgages.

Buyers: Don’t Freak Out When You Get Bad Inspection Results

What’s a homebuyer to do if your home inspection has bad results? Drama-Free Real Estate expert Tara-Nicholle Nelson shares her tips and tools.

Guide to Mortgage Assumptions

Is a mortgage assumption a smart choice for you? Here, learn everything you need to know.

Getting a Mortgage Loan: Pre-Approved, Then Not Approved

When one client is pre-approved for a mortgage, and then not approved during escrow, real estate expert Tara-Nicholle Nelson has a few solutions up her sleeve.

Get My Agent on the Phone

Especially for first-time homebuyers, using a seasoned agent is a smart move.

Get Tax Relief After a Natural Disaster, Theft

When damage occurs, here's what homeowners need to know to start over.

Understanding the Pre-Approval Process

Before loan shopping, you should first understand the difference between "pre-approval" and "pre-qualification". Neither will guarantee you a loan, but these tips will help you get closer to buying a house.

Get Web Savvy to Sell Your Home

Almost 80 percent of home searches start on the internet, so why not finish them there too? In lieu of the traditional method of selling through a real estate agent, some home sellers are turning to the Web to sell their homes.

The Red Flags of Mortgage Fraud

With mortgage brokers like these, you don’t need enemies. Know how to protect yourself from a scam.

What's in a Mortgage Payment?

Your total monthly payment may be divided among these four items.

Shop This Look

Found a living space you love in HGTV's Photo Library? Get the look in your own home with products from Wayfair.

Follow Us Everywhere

Join the party! Don't miss HGTV in your favorite social media feeds.