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Pre-approval is Step One in the home buying process. It’s smart to get pre-approved before you start shopping so you have a clear impression of what you can spend.

Essentially, a pre-approval is an educated estimate–factoring in your financial snapshot along with lender and insurer criteria–of what you can afford to borrow for a home, and what your monthly payments would be. During pre-approval, you’re also given a rundown on the varying lengths of mortgage terms, the latest programs available, and an overview of the other costs involved with purchasing a home.

Travelbea & Associates can offer you a 90-120 day ‘locked in’ interest rate upon pre-approval, enabling you to shop for your home without worrying about an interim rate rise. If the rates drop however, your locked-in rate will drop as well.