5 Tips for Getting a Mortgage Pre-Approval

For first-time homebuyers or investors, researching and obtaining mortgage pre-approval is crucial. Key tips include checking and improving your credit score, understanding your debt-to-income ratio (ideally under 36%), and gathering necessary financial documents like tax returns and bank statements. It's beneficial to shop around for the best mortgage rates and terms, while being cautious of major financial changes during the pre-approval process, as they can impact your credit score and DTI. Following these steps can enhance your chances of successful pre-approval.