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Pre-Approval Dos:

1. Check your credit report and score before applying.
2. Gather required financial documents (income, assets, employment).
3. Research and compare lender rates and terms.
4. Consider getting pre-approved with multiple lenders.
5. Review and understand the pre-approval conditions.
6. Discuss and clarify any concerns with your lender.

Pre-Approval Don’ts:

1. Don’t apply for multiple credit cards or loans before pre-approval.
2. Avoid large purchases or financial changes.
3. Don’t misrepresent or withhold financial information.
4. Don’t assume pre-approval guarantees final approval.
5. Don’t forget to review the pre-approval expiration date.
6. Don’t ignore lender requests for additional documentation.

Additional Tips:

• Typically, pre-approval is valid for 30-60 days.
• Keep financial documents and information up-to-date.
• Pre-approval is not a commitment to lend.
• Understand the difference between pre-approval and pre-qualification.

By following these dos and don’ts, you’ll be better prepared for the pre-approval process and set yourself up for success in securing your dream home.