Absolutely! For most, buying a home require obtaining a mortgage. Going through the preapproval process not only gives you parameters for shopping for your home, but it also shows sellers that a lender has already vetted you and will lend you money.
The steps for getting pre-approved for a home loan include sharing detailed financial information about your income and debt, and undergoing a credit check. Once you’re approved, you’ll have a solid estimate that real estate agents and sellers can use to help you find your dream home.