A lender reviews your income, assets and credit and confirms the loan amount you qualify for. A pre-approval is stronger than a pre-qualification because the lender has checked your documents.
What you do
- Send pay stubs, W-2s, two years of tax returns and two months of bank statements
- Pick a monthly payment you're comfortable with, not only the max
Who does what
YouSends documents and picks a comfortable payment.
LenderPulls credit, reviews documents and issues the letter.
Good to know
- No new credit, car loans or large transfers until after closing
- Ask the lender to write a letter matched to each offer price
Ready to start at step 1?
Text or call. I'll give you a straight answer.