top of page

Building Your Home Buying Confidence Through Mortgage Pre-Approval

Updated: Jan 12


Mortgage pre-approval is a crucial first step when buying a home. Going through pre-approval means having a lender assess your finances so that they can determine how much you are able to borrow.


Some Factors That May Affect Mortgage Pre-Approval


Income - this is the money that you earn from doing work or money that you receive from investments.


Debt - this is usually in form of money, owed by one party to another. Common examples of debts are credit card debts, auto loans, and home loans.


Assets - these are properties or equipment owned by a person, regarded as having value and available to meet debts, commitments, or legacies.


Credit History - this shows all your financial activities, which is why some people refer to it as a financial report card.


Employment - this covers your working history.


What Are The Benefits of Mortgage Pre-Approval?


Clarity and Confidence


Once you get pre-approved, you know how much you'll be able to borrow so you have a clear picture of how far you can go and what options you should look at. You can make a strong offer on the home that you want because you know that your finances have been reviewed thoroughly. To know more about the pre-approval process and the whole home buying process, it is best to consult a professional Realtor®, such as Kyle Kelly of The Island Wide Team. Professional Realtors® like Kyle and his team will be able to connect you to a trusted lender who can help you prepare financially and find the home that best suits your needs.



Call or Text: 631-831-0912

FB Messenger: m.me/KKellyNY

Personal Email: KKellyNY@gmail.com

Team Email: islandwideteam@gmail.com

Instagram: @kkellyny @IslandWideTeam

Twitter: @kkellyny

TikTok: @therealdoublek

YouTube: youtube.com/agentkkelly

YouTube: The Island Wide Team

Website: islandwideteam.com

Website: kksells.com



Disclaimer: Views and information provided in this post are for general informational and educational purposes only and is not a substitute for professional advice. Before taking any action based upon such information, we encourage you to consult with the appropriate professionals. The use or reliance to any information contained on this site or mobile application is solely at your own risk.





Blue and Pink Modern Tech Electronics and Technology Retractable Exhibition Banner (6).png
bottom of page