- It helps determine what amount you can borrow, and therefore what properties are within your price range.
- Puts you one step ahead of other buyers and can speed up the process if you do decide to put an offer on a home.
- You may underestimate how long it will take to provide all the necessary documentation that your bank/broker may require to actually get you pre-approval.
- Knowledge is power! Knowing what you can and can’t do gives you the power to act when the opportunity presents itself.
