Should You Disclose Everything During the Pre-Approval Process?

For many prospective homebuyers, the path to homeownership begins with securing a pre-approval, which not only indicates how much you can borrow but also sets the stage for a smoother homebuying experience. Once you've been pre-approved, how much information do you need to share with your lender before the closing date arrives? Today we're going to answer a question about disclosing a major life change and give you insight from the lender's perspective. Here's what we discuss in this episode: 0:00 – Intro 1:40 – Today's question 3:18 – Big expenses before closing 5:50 – Will your lender know? 6:55 – Protecting the buyer 8:26 – Final thoughts   CONTACT: Schedule a time to meet with Bill here: https://calendly.com/blitton/ Visit the Smart Mortgage Show website for more podcasts, videos and mortgage info: https://smartmortgageshow.com/ Call: 484-352-4151. Check us out on YouTube: https://bit.ly/3KbUxAF