Pre-approval will help you determine how much money you can afford to borrow. Your first step should be to gather your financial documents. These include:
• Pay stubs/proof of income
• Bank statements/proof of assets
• Personal ID (driver’s license, Social Security number)
• Tax returns
• W-2 statements (or similar tax forms)

Your preferred lender will conduct a credit inquiry to determine your current credit score. Many borrowers prefer to compare rates from multiple lenders to determine their best value. That’s a smart move — just remember that each pre-approval application results in a hard credit inquiry. To minimize the impact on your credit score, try to group your applications within the same 30-day window.
You’ll receive a pre-approval letter in roughly three business days. Be on the lookout for messages from your lender in case they need clarification. Once you have the letter, you’re free to start shopping and sharing your pre-approval letter with sellers and their real estate agents. That’s it!
Pre-approval can be an extraordinarily valuable step toward purchasing a home. Ready to put your pre-approval letter to work in Alpharetta? Contact Amy Herington, your Alpharetta Realtor, today — and let’s make your dream home a reality! #AlpharettaMYtown