Having a mortgage pre-approval means a lender has made a commitment to loan you money for a home. During the process, you can review your mortgage options to choose a loan that best fits your needs. If you decide to buy a new home, your builder can recommend a lender to make the process easier.
As tempting as it can be to start your new home search right away, get the pre-approval first. Visiting a lender before you start home shopping might seem like a hassle, but it’s a very important part of the process.