Your Complete Guide to Mortgage Pre-Approval: Why It’s Your First Step to Homeownership

Guest post by Samantha Tunador, Atlantic Coast Mortgage

Whether you're buying your first home or your fifth, the journey starts the same way: with a solid mortgage pre-approval. It’s not just a piece of paper—it’s your homebuying permission slip, budget outline, and negotiation advantage all rolled into one.

Here’s why pre-approval should be your very first step (before you fall in love with a home you can’t buy yet):

What Is Mortgage Pre-Approval?

A mortgage pre-approval is a written estimate from a lender stating how much home you can afford based on your income, credit, assets, and debts. It’s not a final loan commitment, but it’s a strong indicator that you’re a serious, qualified buyer.

Why Pre-Approval Comes First

It Defines Your Budget

House hunting without a pre-approval is like shopping without knowing your credit limit. You might be looking at homes that aren’t financially realistic—or worse, missing out on homes that are.

It Gives You Leverage

In today’s competitive market, sellers won’t even consider an offer that doesn’t include a pre-approval letter. Being pre-approved shows you’re not just browsing—you’re ready to buy.

It Uncovers Surprises Early

Pre-approval is like a financial check-up. If there are any credit or income issues, you’ll find out before you’re under contract—not when it’s too late to fix them.

It Speeds Up Your Closing

A strong pre-approval can help you close faster once you go under contract, giving you a serious edge if you’re competing with multiple offers.

What You'll Need to Get Pre-Approved

Expect to provide:

• Recent pay stubs or proof of income

• W-2s or Tax Returns if self-employed

• 2 months of bank statements

• ID and Social Security number

You’ll also have a credit check as part of the process. That’s a good thing, as you will want to make sure that no discrepancies are noted.

Bottom Line

Don’t start with the house. Start with your plan.

Mortgage pre-approval is the first smart step toward owning your next home—and the best way to empower your search with clarity, confidence, and strategy. If you're ready, let's connect you with a trusted lender and start the journey.

Who Should You Talk To?

Not all lenders are created equal. You have options, but you will want someone who doesn’t just crunch numbers, they help you understand them. That’s what we do - Samantha and Tan Tunador of The Tunador Group at Atlantic Coast Mortgage. www.thetunadorgroup.com

We're local, fast, creative, and treat your buyers like our own family. Whether it’s your first home or your forever home, we'll walk you through every step.