Home Buying

Being prepared for the loan application process, which includes the preapproval process, is the best way to speed it along. Having the documents you need on hand will help. Mortgage lenders need this information to verify your finances for preapproval and later for the file they will send to the loan underwriter.

Your credit score represents your credit history. It’s a three-digit number ranging from 300-850 that indicates your creditworthiness and how well you pay back your debts. The higher your score the better.