 TITLE: How to Get Preapproved for a Mortgage CONTENT: What Is a Mortgage preapproval?\n-------------------------------\nA mortgage preapproval is a document a lender produces to tell a home seller how much money you are authorized to borrow to buy a house. Additionally, a mortgage preapproval usually indicates the type of mortgage loan you qualify for, and the interest rate the lender would charge you upon completion of a mortgage application. The preapproval document states the lender's belief that it would approve your mortgage application based on the income and credit information you've submitted.\nThe information required to get a mortgage preapproval is the same that's required for a mortgage loan application. In fact, applying for preapproval is the same as applying for a mortgage loan: The lender will review your personal information, credit history, credit score, income, assets, debts, tax returns and employment history. It also requires you to authorize a lender to view your credit score and examine your credit report from one or more of the three national credit bureaus (Experian, TransUnion and Equifax). END