First Pre-approval in the books

[Derek Luttrell]

Hello, 

Upcoming first time buyer, here. Today I received my first official pre-approval letter from a potential lender. A house I saw last week (3 bed/3 bath; I would have a roommate in the 2nd bedroom, then airbnb the entire downstairs as it has a very large living room, a full bath, and a bedroom with private access from the rear of the building). 

My question is, at what point do I go gung-ho and shop around with lenders? My pre-approval letter obviously does not discuss interest rates and terms yet, so do I hold off on rate shopping until I put in an actual offer, or do I reach out to other lenders now? 

Thank you, 

- Derek