First home buyers: your pre-approval is NOT a loan approval.
Here's what most buyers don't know until it's too late 👇
Pre-approval means a lender reviewed your finances and agrees you could qualify — under current conditions.
What can change before closing:
→ You take on new debt (new car!)
→ Your income changes
→ Rates shift significantly
→ Property appraises below price
Questions about what to do (and not do)? Drop them below 👇