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5 Factors That May Impact Your Loan Pre-Approval

5 Factors That May Impact Your Loan Pre-Approval

So you want to buy a house, first things first – ๐—š๐—ฒ๐˜ ๐—ฝ๐—ฟ๐—ฒ-๐—ฎ๐—ฝ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ฒ๐—ฑ! ๐Ÿ’ฏ๐Ÿ‘๐Ÿฝ

Pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, theyโ€™ve determined how much youโ€™re qualified to borrow. ๐Ÿ’ต๐Ÿ’ณ

Being pre-approved for a loan can give you clarity while planning your homebuying budget and confidence in your ability to secure a loan. A loan pre-approval letter is usually required when submitting an offer on a home.๐Ÿ’ฐ๐Ÿ 

These factors will impact your loan pre-approval: Income, Debt, Assets, Employment and Credit History. ๐Ÿฆ๐Ÿงฎ

Need to get connected with highly recommended lenders? Contact me ๐Ÿ™‚