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Why Pre-Approval Matters When You’re Getting Serious

📄 Why Pre-Approval Matters When You’re Getting Serious Ready to take the next step toward homeownership? Then it’s time to talk pre-approval.


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🤔 What Is Pre-Approval (and How Is It Different from Pre-Qualification)?

Pre-qualification is an early estimate of what you might afford based on self-reported income and debt.Pre-approval is a lender-reviewed document that verifies your income, credit, and assets—and confirms what you’re approved to borrow.

💡 Think of pre-qualification as casual browsing… and pre-approval as walking into the dealership with financing in hand.

💪 Why It Matters When You’re Serious

If you're thinking about buying in the next 3–6 months, getting pre-approved:

✅ Makes you a stronger buyer

Sellers take your offer more seriously (especially in competitive markets)

✅ Gives you a real budget Know exactly what you can afford before you fall in love with the wrong house

✅ Saves time during escrow A big part of loan approval is already done—less stress, fewer delays

✅ Protects your interest rate

Some lenders can lock your rate early, which helps in a rising rate environment

📌 What You'll Need for Pre-Approval

  • Recent pay stubs (or proof of income if self-employed)

  • Last 2 years of W-2s or tax returns

  • Bank statements (2–3 months)

  • ID and Social Security number

  • Credit pulled by lender (soft or hard pull depending on provider)

Pre-Qualification

Pre-Approval

Estimate only

Verified with docs

Not reviewed by underwriter

Reviewed by lender

Casual budget range

Official approval amount

Good for browsing

Strong for submitting offers

🤝 I Can Point You to the Right Lenders

You’re not expected to figure this all out alone. I work with amazing lenders who can explain your options and help you get pre-approved fast—with zero pressure.

Want to talk next steps? I’m just a message away.

—

Andrew Georgitsis

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