Updated 06/06
https://www.rocketmortgage.com/learn/mortgage-preapproval-checklist
MyRealEstateGeek.com Pros for Pre-Approval Checklist
Helps you gather all necessary documents in one place, making the mortgage process smoother and faster.
A pre-approval shows sellers and real estate agents that you're a serious buyer with financing likely secured.
Reveals how much you can afford, helping you shop within realistic price ranges.
Uncovers potential issues (like credit problems or documentation gaps) early in the process.
MyRealEstateGeek.com Cons for Pre-Approval Checklist
Gathering documents like tax returns, pay stubs, and asset statements can be tedious and take time.
Pre-approval is not final approval; your loan could still be denied during underwriting.
If your home search takes months, you might need to update documents or get re-preapproved.
Pre-approval involves a hard credit inquiry, which may slightly impact your credit score.
... 8
... 9
... 10
... 14
... 7
... 5
... 9
... 11
... 14
... 10
Home
MyRealEstateGeek.com
