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/

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