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It has pre in the name because it happens on the front end of the mortgage loan approval process before you start shopping for a home.

Loan approval steps. You can think of pre approval as a kind of financial pre screening. This letter shows how much money a mortgage lender has approved you to borrow based on your savings credit and income. 7 step mortgage approval process step 1 discovery call 15 minute conversation this is a complimentary 10 to 15 minute phone conversation during which.

Step 2 request application 1 2 days if it sounds like you could likely meet the requirements to qualify for a.

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