: Lenders use this to set your interest rate. A higher score (740+) typically secures the best rates.
Once you have your pre-approval letter, you can start hunting with a clear "needs vs. wants" list. 10 First-Time Homebuyer Mistakes To Avoid - Bankrate what to do when buying your first house
: This is a lender's commitment to lend you a specific amount. It proves you are a serious buyer and helps you avoid falling in love with a home outside your budget. : Lenders use this to set your interest rate