Get Pre-Approved

What is a Mortgage Pre-approval?   Generally, a pre-approval is a written statement from a lender stating the lender’s preliminary determination that you would qualify for a particular loan amount under that lender’s guidelines. The determination and loan amount are based on your income and credit information. Most pre-approval letters are good for 60 to 90 days.

Does Pre-approval Guarantee Me A Loan?   No.  It’s important to understand that pre-approval letter is nvaluation-149889_640ot an offer to lend, a commitment to make a loan, or a guarantee of specific rates or terms. Also, regardless of pre-approval, a lender may require additional income and asset verification, as well as the satisfaction of other conditions, before extending you a loan. Pre-approval letters are subject to modification or cancellation if your financial situation or other conditions change.

Why Should You Get Pre-approved?  The short answer is Yes! The most important reason is that you will get an accurate idea of how much home you can afford. This can help to target your home search and ensure you only look at houses that are truly in your price range.  Also, a pre-approval letter can make you stand out in a competitive real estate market. If you make an offer on a house without a pre-approval, your offer may not be taken as seriously as an offer from another person with a pre-approval.

If you would like to apply for your Pre-approval for your home search, Howard Hanna Mortgage Services is a great place to start!  Just call or text me at 412-613-4466 or email me at  I can put you in touch with our office’s Howard Hanna mortgage consultant and get the process underway.

Published by

Eric McKenna

Accomplished Realtor with Cowden Creek Realty. Creator and Host of The Eric McKenna Project. EMP is Pittsburgh's Talk Show.

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