Standard Mortgage Blog

Buying a home is one of the biggest financial decisions you'll ever make—and if you're like most buyers, you’ve got questions. One of the most common? Will getting a mortgage pre-approvalhurt my credit score. If you're preparing to buy a home and weighing the pros and cons of getting pre-approved, here's what you need to know.

Buying a home is one of the largest financial decisions most people will make, and understanding how much you can afford before you start house hunting is crucial. Without a clear budget in mind, it’s easy to fall in love with a home that stretches your finances too thin, leading to financial stress down the road.

When applying for a mortgage, lenders evaluate your financial stability, one component of which is assessed based on the amount of debt you currently carry. Understanding what qualifies as debt and how it affects your mortgage application is crucial for anyone looking to secure a home loan.