All Forum Posts by: Friday Delorio

Getting pre-approved for a loan is an important step in the real estate buying process, as it helps you determine your purchasing power and can make your offer more attractive to sellers. Generally, it's a good idea to get pre-approved before you start actively searching for properties, as it can give you a clear idea of your budget and save you time in the long run.

In terms of timing, I would recommend getting pre-approved as soon as possible, even before you have identified a specific property or area. This can help you narrow down your search and focus on properties that fit within your budget and financing options. However, keep in mind that pre-approvals typically have an expiration date, so make sure to check with your lender on how long the pre-approval is valid for.

In terms of the area, you don't necessarily need to know the specific neighborhood or city where you want to buy real estate, but it's helpful to have a general idea of the location and price range you are looking for. This can help your lender provide more accurate pre-approval information, and it can also help you focus your search and make more informed decisions.

I hope this helps, and best of luck with your 90-day challenge!

Sounds like you're already on the right track which is great! I'm getting back into the game myself again. I'm curious to hear what areas you're looking into if you don't mind.