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Learn more: https://www.lowermybills.com/learn/bu... Homeownership is a primary goal for many Americans, but it’s not an easy one. Unless you can pay for your new home in cash, you need a mortgage. And in competitive housing markets, you need to move fast when you find a home that fits both your needs and your budget. One of the best ways to be prepared is getting a mortgage loan preapproval. This serves two purposes: It lets buyers know how much they can expect to borrow, and it lets real estate agents and sellers know a buyer can get the funding needed to close a sale. Annie Yang guides you through the pre-approval process in the latest video from LowerMyBills! Featuring Annie Margarita Yang, Personal Finance Writer / anniemargaritayang Follow LowerMyBills: Instagram: / lowermybills Pinterest: / lowermybills Facebook: / lowermybills LinkedIn: / lowermybills Twitter: / lowermybills TikTok: / lowermybills LowerMyBills does not endorse, warrant, or guarantee any financial product, service or company and makes no representation of any rates or financial programs. The content displayed on LowerMyBills or in this video does not provide legal, financial, accounting or tax advice.