Buying a home is an exciting and significant milestone in life. It’s a place where you can create memories, build a future, and call your own. However, before you start browsing listings and attending open houses, it’s essential to get preapproved for a mortgage loan. Mortgage preapproval is the first step towards securing your dream home and making the process smoother. What is Mortgage Preapproval? Mortgage preapproval is when a lender evaluates your financial information to determine how much they are willing to lend you for a home purchase. This process involves reviewing your credit score, income, assets, and debts to assess your financial stability and ability to repay the…