Buying · April 2026
What a mortgage pre-approval does—and does not—do
Use a pre-approval as a planning tool while understanding its limits.
What it can help with
A pre-approval can help establish a planning range and may offer a rate hold, subject to the lender’s terms and final underwriting.
What still changes
The property, your documents, income, credit and lender guidelines are still reviewed. Avoid treating a pre-approval as a guaranteed approval.