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Can You Shop Around for a Mortgage After Preapproval? – Taking the time to shop around for a mortgage, even after obtaining a preapproval from another lender, is also a good way to get the best deal on your home loan. A lender may not offer the best.
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Mortgage Pre-Qualification to Homeownership in 6 Easy Steps – Step 2: Mortgage pre-approval. After you’re pre-qualified, your next step is to get pre-approved. This is an in-depth process. You’ll need to submit paperwork about your income, assets, employment history and residency status to a lender.
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