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 ...

Pre-approvals are generally good only for a limited period of time, which is usually between 30 and 90 days, depending on the lender. You can get pre-approved by multiple lenders so it's ideal to ...

Getting pre-approved is a key part of taking out a mortgage. When you get pre-approved, your lender gives you a letter stating how much it could conditionally loan you. Pre-approval can strengthen ...

Documents for mortgage preapproval Employment and income Before a lender grants you a mortgage, it must confirm that you can repay the loan. To prove your creditworthiness, you’ll need to ...

Getting pre-approved for a mortgage is an important first step in the home buying and home loan process and can take just a few minutes if you apply online and have your documents ready.

4. Get a mortgage pre-approval Once you’ve found at least one or more lenders that will work for your needs, you’re ready to get pre-approved for a mortgage, which is an important part of the ...

A pre-approved mortgage is usually good for up to 120 days. In a competitive housing market, having a pre-approved mortgage can help you stand apart from other potential buyers.

Most real estate agents will require a pre-qualification or pre-approval letter before agreeing to show you potential homes. Typically, mortgage pre-approval letters are valid for 60 to 90 days.

Mortgage prequalification is an informal estimate of how much you may be able to borrow. It’s based on information you provide, without any verification from the lender regarding its accuracy.