Understand the Review
The terms pre-qualification and pre-approval can describe different levels of review depending on the lender. Ask what information was verified, whether credit was reviewed, and what conditions still apply.
Keep the Budget in View
The maximum amount a lender may consider is not necessarily the payment that fits your life. Consider savings goals, household expenses, and the costs of owning the property.
Ask What Comes Next
Find out how long the letter is valid, what changes must be reported, and how the property and final underwriting affect approval. A conversation or inquiry alone does not constitute a commitment to lend.