Ana Popescu-Real Estate Agent

One of the first things in your your homebuying process is to be pre-approved. To understand why it's such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: "In a preapproval, the lender tells you which types of loans you may be eligible to take out, how much you may be approved to borrow, and what your rate could be."

Basically, pre-approval gives you critical information about the homebuying process that'll help you understand your options and what you may be able to borrow.

How does it work? As part of the pre-approval process, a lender will look at your finances to determine what they'd be willing to loan you. From there, your lender will give you a pre-approval letter to help you understand how much money you can borrow. That can make it easier when you set out to search for homes because you'll know your overall numbers. With higher mortgage rates impacting affordability for many buyers today, a solid understanding of your numbers is even more important. Pre-Approval Helps Show You're a Serious Buyer.

Happy Lunar New Year to those celebrating the Year of the Dragon🐉

Wake up with a view 🌊

2 beds, 2 baths for $825,000 in Tacoma, WA | HomeSpotter Experience luxury in this 2-bed + den penthouse at The Esplanade. Revel in upgraded features like sliding shelving in closets and kitchen cupboards. Indulge in a walk-in spa in the primary suite. Enjoy stunning views of Mt Rainier and the city skyline overlooking Foss Waterway. Witness festive event...