At that point, you'll get a pre-approval letter that you can show to your real estate agent and submit with an offer. However, pre-approvals don't last forever — they are only valid for a set ...

A mortgage approval that's conditioned on an appraisal, for example, could end up being denied if the home is found to need extensive repairs or if the value is much lower than expected.

Once you have an offer accepted on a property, you'll apply for full approval with the lender (or lenders) of your choice. How long preapproval lasts Preapproval letters typically expire after 60 ...

How hard it is to get a mortgage depends on a lot of different factors. If you generally have good credit and a low debt-to-income ratio, you may have an easier time qualifying.

Pre-qualified and pre-approved sound interchangeable, but these words signal distinct checkpoints in the mortgage process. While pre-qualification can be a useful first step in understanding your ...

Applying to multiple mortgage lenders allows you to compare rates and fees to find the best deal. Having multiple offers in hand provides leverage when negotiating with individual lenders.However ...