Let's Get You Pre-Approved

Get Ready To Buy A Home

Secure Your Dream Home Faster – Start Your Pre-Approval Process Today!

Common Pre-Approval Questions

A Comprehensive Guide to Answering Your Most Common Questions About the Pre-Approval Process and How It Helps You Prepare for Buying a Home

Mortgage pre-approval is a process where a lender evaluates your financial situation, including income, credit, and debts, to determine how much you can borrow for a home.

Pre-approval gives you a clear budget, shows sellers you’re a serious buyer, and can make your offer more competitive in a hot market.

Common documents include proof of income (pay stubs, tax returns), proof of assets (bank statements), credit information, and identification.

The process can take anywhere from a few hours to a few days, depending on how quickly you provide the necessary documents and how efficient the lender is.

Yes, pre-approval involves a hard inquiry on your credit report, which may lower your credit score by a few points temporarily.

Most pre-approval letters are valid for 60 to 90 days. After that, you may need to update your information with the lender for a new letter.

Yes, you can shop around for the best rates and terms. Multiple inquiries within a short time frame (usually 14-45 days) are treated as a single inquiry for credit scoring purposes.

On average, closing takes 30-60 days, depending on the financing and inspection processes.

Featured Properties

MultiFamily
Active
$ 279,000

127 Main Street, Cohoes, NY 12047, Cohoes

Bedrooms:
6
Bathrooms:
2
Size:
2,238 ft2
Residential
Active
$ 475,000

1385 Copeland Pond Road, Fort Ann, NY 12827,...

Bedrooms:
3
Bathrooms:
1
Size:
1,176 ft2
Residential
Active
$ 1,200,000

724 Green Lake Road, Athens, NY 12015, Athen...

Bedrooms:
4
Bathrooms:
2
Size:
2,106 ft2
Residential
Active
$ 725,000

7913 Main Street, Hunter, NY 12442, Hunter

Bedrooms:
5
Bathrooms:
2
Size:
2,000 ft2
Residential
Active
$ 725,000

609 Route 32A, Catskill, NY 12414, Catskill

Bedrooms:
5
Bathrooms:
3
Size:
1,498 ft2
Residential
Active
$ 725,000

625 Route 32A, Catskill, NY 12414, Catskill

Bedrooms:
5
Bathrooms:
3
Size:
1,800 ft2
Residential
Active
$ 439,000

4133 Becker Street, Niskayuna, NY 12304, Nis...

Bedrooms:
3
Bathrooms:
2.5
Size:
1,644 ft2
Residential
Active
$ 299,900

337 Whitehall Road, Albany, NY 12208, Albany

Bedrooms:
3
Bathrooms:
1
Size:
1,328 ft2

Results You Can Rely On

Current Listing Volume
$ 0 M
Home Transactions
1000
Lifetime Sales Volume
$ 300 M

Information For You

Join us as we dive into the vibrant world of Upstate living, explore the local market, and help you unlock the keys to your dream home.

May 28, 2014

What Areas in Upstate NY Are Best for People Retiring?

Upstate New York has long been a top choice for retirees looking for peaceful surroundings, beautiful landscapes, a ...
May 27, 2014

What Areas in Upstate NY Are Best for People with Families?

Choosing the perfect place to raise a family is one of the most important decisions p ...
May 27, 2014

When Is the Best Time to Sell My House?

Timing is everything in real estate. If you’re considering selling your home, knowing ...
May 27, 2014

What Are the Best Times to Buy a House?

Timing plays a critical role when buying a house. Knowing when to enter the market ca ...

Compare Listings