Bad News Now or Later?

Applying for mortgage loans can be stressful because you are faced with the prospect of being judged on your finances. Nobody is particularly excited about that. Given this, many people tend to put it off till the last moment. They will spend an incredible amount of time house hunting and then make an offer with no idea of whether they can get a loan. The pay fees for home inspections and put down an earnest money deposit. They then stress out waiting for the lender to make a decision. If that decision is bad news, they lose the house and the money they paid. Why do this to yourself? Don’t! Get pre-approved so you know where you stand before spending time house hunting and money on inspections and such.