subject: Loan Shopping Tips for First-Time Home Buyers [print this page] Loan Shopping Tips for First-Time Home Buyers
Mortgage loan pre-approval is a good way for a first-time home buyer to determine how much they can afford based on their financial standings (credit history, income, debts, employment, etc.). It also gives you buying power when you're house hunting because it assures the seller that you can get the proper financing. The last thing you want is to find the perfect house and then discover that you cannot get approved for a loan.
