Know Exactly What You Can Afford
A pre-approval gives you a clear understanding of your budget by showing how much a lender is willing to loan you, based on a thorough review of your finances. 

Stand Out as a Serious Buyer
A pre-approval letter demonstrates to sellers that you are financially qualified and ready to move forward, which can make your offer more attractive-sometimes even as appealing as a cash offer.

Shop and Negotiate with Confidence
Knowing your exact loan amount and terms allows you to make confident offers and negotiate from a position of strength. 

Identify and Resolve Issues Early
The pre-approval process involves a detailed review of your credit, income, and debts. This can alert you to any problems-like credit report errors or high debt levels-that you can address before making an offer, helping you avoid surprises later in the process.

Speed Up the Closing Process
Because much of the paperwork and financial verification is completed upfront, pre-approved buyers often experience a faster, smoother closing once their offer is accepted.