The Importance of Pre-Approval in the Home Buying Process

One of the smartest moves you can make when beginning your home search is to get pre-approved for a mortgage. Pre-approval shows sellers you’re a serious buyer and helps you understand exactly what you can afford. Tanner Garver with Fairway Independent Mortgage can help you with all of your pre-approval and loan process needs!

Why Pre-Approval Matters
When you’re pre-approved, a lender evaluates your financial situation to determine how much they’re willing to lend you. This gives you a realistic price range for homes and helps you avoid falling in love with properties outside your budget.

Benefits in a Competitive Market
In a competitive market, pre-approval is often necessary to make an offer. Sellers prefer buyers with pre-approval because it shows they can secure financing, making your offer stronger and more attractive.

How to Get Pre-Approved
Start by choosing a lender and providing them with basic financial documents like proof of income, bank statements, and credit information. The lender will assess your application and provide a pre-approval letter, valid for about 60–90 days.

By securing pre-approval, you’ll be better positioned to move quickly on your dream home with confidence. Reach out to Tanner for a Pre Approval Today!