A mortgage loan is a type of financing that allows buyers to purchase a home by borrowing money from a lender, using the property as collateral. It’s one of the most common and practical ways to become a homeowner, offering flexible terms, competitive interest rates, and the opportunity to build equity over time.

Before starting your home search, it’s important to get pre-qualified for a mortgage. Pre-qualification gives you a clear understanding of how much you can afford, helps narrow your search to homes within your budget, and shows sellers you are a serious, credible buyer. In competitive markets, having a pre-qualification letter can even give you an edge over other buyers.

By getting pre-qualified early, you’ll save time, reduce stress, and make your home-buying journey smoother and more successful.